Question: Required information Use the following information for the Quick Study belovw Trey Monson starts a merchandising business on December 1 and enters into the following
Required information Use the following information for the Quick Study belovw Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases Also, on December 15, Monson sells 10 units for $50 each. Purchases on Decenber Purchases on Decenber 14 Purchases on Decenber 21 8 units$20.00 cost 17 units $30.00 cost 15 units $36.00 cost OS 5-10 Perpetual: Assigning costs with FIFO LO P1 Monson uses a perpetual inventory system Determine the costs assigned to the December 31 ending inventory based on the FIFO of Units Cost Per Cost of Sold UnitGoods Cost Per Goods Cost Per Inventory Goods Sold! #af Units : MacBook Pro F8 F7 FS F4 F3 F2 FI
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