Required information Use the following information for the Quick Study below. (Algo) (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 $29 each. Purehases on December 7 unlts 10.$15.00 cost Purchases on December 14 20 unita e $21.00 cost purehanes on December 21 . 15 units 9$23.00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the units sold, 8 are from the December 7 purchase and 7 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned bosed on specific identification. Required information Use the following information for the Quick Study below. (Algo) (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 $29 each. Purehases on December 7 unlts 10.$15.00 cost Purchases on December 14 20 unita e $21.00 cost purehanes on December 21 . 15 units 9$23.00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the units sold, 8 are from the December 7 purchase and 7 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned bosed on specific identification