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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

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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 30 units for $50 each equired: lonson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory based on the FiF hethod

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