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Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following

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Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 27 units for $20 each. Purchases on December 7 Purchases on December 14 34 units $12.00 cost Purchases on December 2127 units $14.00 cost 17 units $8.00 cost QS 6-12 Perpetual: Inventory costing with weighted average LO P1

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