Answer Happy

4 art 4 of 4 Required Information 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 27 units for $20 each 36 ins Purchases on December Purchases on December 14 Purchases on December 21 17 units $8.00 cost 34 units $12.00 cost 27 units @ $14.00 cost eBook Of the units sold, 14 are from the December 7 purchase and 13 are from the December 14 purchase Determine the costs assigned to ending inventory when costs are assigned based on specific identification Hint Drine Specific Identification Goods Available for Sale Cost of Goods Sold Cost of Goods #of units Available for Cost Cost of units unit Sale sold per unit Goods Sold Cost per of Ending Inventory of units in ending Cost per Ending unit inventory Inventory Peterences 0 Purchases December 7 December 14 December 21 Total 5 800 $ 12.00 0 17 5 800 $ 341 1200) 27 14.00 78 5 0 1361 1081 378 922 0 $ 8.00 $ 1200 1400 5 0 5 0 0 0