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Required information [ The following information applies to the questions displayed below. ] Trey Monson starts a merchandising business on December 1 and enters into
Required information
The following information applies to the questions displayed below.
Trey Monson starts a merchandising business on December and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December Monson sells units for $ each.
tablePurchases on December units $ costPurchases on December units e $ costPurchases on December units $ cost
Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.
table
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