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Trey Monson starts a merchandising business on December and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on December Monson sells units for $ each.
Purchases on December units @ $ cost
Purchases on December units @ $ cost
Purchases on December units @ $ cost
QS Algo Perpetual: Inventory costing with weighted average LO P
Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
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