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Save ! Required Information [ The following information applles to the questions displayed below. ] Trey Monson starts a merchandising business on December 1 and
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The following information applles to the questions displayed below.
Trey Monson starts a merchandising business on December and enters into the following three inventory purchases. Monson uses a perlodic Inventory system. Also, on December Monson sells units for $ each.
tablePurchases on December units $ costPurchases on December units $ costPurchases on December units @ $ cost
Of the units sold, elght are from the December purchase and seven are from the December purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification.
tabletableSpecific IdentificationEnding Inventory,# of units,tableCostperunittableCost of GoodsAvailable forSaletabletableCostPerunittableCost ofGoods Soldtable# of unitsin endinginventorytableCost perunittableEndingInventoryPurchases:December December December Tolal
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