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Trey Monson starts a merchandising business on December 1 and enters into the following there memory purchases. Also, on December 15, Monson sells 15 units

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Trey Monson starts a merchandising business on December 1 and enters into the following there memory purchases. Also, on December 15, Monson sells 15 units for $20 each. Monson uses a perpetual inventory system. Determine the costs assigned to December 31 inventor based on the FIFO method

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