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Required Information They Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also, on December 15, Monson selis
Required Information They Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also, on December 15, Monson selis 23 units for $30 each. Required: Aonsan selts 23 units for $30 each on December 15. Of the units soid, 10 are from the December 7 purchase and 13 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending nventory when costs are assigned based on specinc identification
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