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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 $710$ units @ $ $6$ cost

Purchases on December $1420$ units @ $$12$ cost

Purchases on December $2115$ units @ $$14$ cost

Required:

Determine the costs assigned to the December $31$ ending inventory based on the FIFO method.

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