Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 15 units for $20 each. Purchases on December Purchases on December 14 Purchases on December 10 units @ $ 6.00 cost 20 units @ $12.00 cost 15 units @ $14.00 cost 21 Hint Required: Monson sells 15 units for $20 each on December 15. Of the units sold, eight are from the December 7 purchase and seven are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification, Specific Identification-Perpetual: Goods purchased Inventory Balance Cost of Goods Sold Cost per Cost of Goods unit Sold Date # of units # of units sold Cost per unit #of units Cost per unit inventory Balance December 7 December 14 December 15 ces December 21 Totals