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Determine the costs assigned to the December 31 ending inventory based on the FIFO method. Trey Monson starts a merchandising business on December 1 and

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Determine the costs assigned to the December 31 ending inventory based on the FIFO method. 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 Degember? Purchnses on Detenber 14 Furchasei on pecember 21 10 unite &$6 eest 20 unite $12 cont 15 units e \$14 cost

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