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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 the following
Required information (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 25 units for $45 each. Purchaseg on Decomber J Purdhases on December 14 Purdhased an Decenber 21 15 units e- 518+09 cost 29 units 6 s27.00 coat 25 unite e. 332.00 , catt Of the units sold, 12 are from the December 7 purchase and 13 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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