Required information Use the following information for the Quick Study below. (Static) (11-14) The following information applies to the questions displayed below.) Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December 15. Monson sells 15 units for $20 each Purchases on December 7 10 units ES 6 cost Purchases on December 14 20 units $12 cost Purchases on December 21 15 units # $14 cest QS 5-14 (Static) Perpetual: Inventory costing with specific identification LOP1 of the units sold, eight are from the December 7 purchase and seven are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification Specific identification Goods Available for Sale Cost of Goods Sold Cost of Goods of Cost of units Cost of unit Available for units Sale sold per unit Goods Sold Ending Inventory Fol units Cost per Ending In ending unit Inventory Inventory Cost per Purchases December 7 December 14 December 21 Total