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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monson uses a perpetual inventory system. Also, on

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

Purchases on December 7 10 units @ $15.00 cost
Purchases on December 14 20 units @ $21.00 cost
Purchases on December 21 15 units @ $23.00 cost

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Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method

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