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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases: Monson sells 28 units for $35 each on

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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases: Monson sells 28 units for $35 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

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