Ch $6$: HW

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Part $2$ of $4$

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 $$33$ each.

Purchases on December $7$

Purchases on December $14$

Purchases on December $21$

$10$ units @ $$19\mathrm{.}00$ cost

$20$ units @ $$25\mathrm{.}00$ cost

$15$ units @ $$27\mathrm{.}00$ cost

$3\mathrm{.}57$

points

QS $6-12($Algo$)$ Perpetual: Inventory costing with LIFO LO P$1$

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

$\backslash$table$[[$ Answer is not complete.$],[$Perpetual LIFO:$],[$Date$,$Goods purchased,Cost of Goods Sold,Inventory Balance$],[$# of units,$\backslash$table$[[\backslash$table$[[$Cost$],[$per$],[$unit$]]],[$$$19\mathrm{.}00$