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Required information Skip to question [ The following information applies to the questions displayed below. ] Trey Monson starts a merchandising business on December 1

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[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 $38 each.
Purchases on December 710 units @ $24.00 cost
Purchases on December 1420 units @ $30.00 cost
Purchases on December 2115 units @ $32.00 cost
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 based on specific identification.

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