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Required information Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells

Required information

Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $40 each.

Purchases on December 7 15 units @ $10.00 cost
Purchases on December 14 30 units @ $15.00 cost
Purchases on December 21 25 units @ $17.00 cost

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