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0 Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson
0 Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 29 units for $45 each. Purchases on December 19 units $18.00 cost Purchases on December 14 35 units @ $27.00 cost Purchases on December 21 29 units @ $32.00 cost Required: Monson Sells 29 units for $45 each on December 15. Of the units sold, 15 are from the December 7 purchase and 14 are from the December 10 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 Decifio Identification Persatual: Goodschased Cost per Cost of Goods Sold of unita Cost of sold unt Goods Sold Cost per Inventory Balance Coupe Inventory 0 || Balance December December 14 December 15 December 21
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