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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 29 units

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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 29 units for $50 each 4 of 4 Purchases on December 7 Purchases on December 14 Purchases on December 21 19 units $20.00 coet 36 units $30.00 cont 29 units $36.00 cost QS 6-13 Perpetual: Inventory costing with specific identification LO P1 Book Required: Monson sells 29 units for $50 each on December 15. of the units sold, 15 are from the December 7 purchase and 14 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification Print Inventory Balance Inventory Balance Specific identification Perpetual: Goods purchased Cost of Goods Sold of Data # of Cost per Cost per Cost of Goods units unit units sold sold December 7 19 $ 20.00 $380.00 $ December 14 38 $ 30,00= 1.000.00 of units Cost per unit References @ $ 30.00 - $ 0.00 December 15 $ 0.00 0.00 $ December 21 20 3 36.00 5044.00 $ 30,00 - $36.00 Total

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