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Trey monson starts a merchandise business on December 1 and enters the following three inventory purchases. Monson uses a periodic inventory system. Also, on December

Trey monson starts a merchandise business on December 1 and enters the following three inventory purchases. Monson uses a periodic inventory system. Also, on December 15, Monson sells 30 units for $25 each. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.

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