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

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Saved 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 23 units for $30 each. Purchases on December 7 13 units $12.00 cost Purchases on December 14 30 units $18.00 cost Purchases on December 21 23 units $22.00 cost Required: Monson sells 23 units for $30 each on December 15. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on LIFO Perpetual LIFO: Goods purchased Cost of Goods Sold Inventory Balance Cost Per Costof Goods! Unit #of #of units Cost of Goods! ld Cost Per units Unit sold Inventory Balance Cost per Date # of units c unit Sale mis 0.00 December 14 $0.00 S 0.0 December 15 $ 0.00 Totals

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