Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases, Also, on December 15, Monson sells 25 units for $45 each Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units $18.00 cost 29 units $27.00 cost 35 units 532.00 cost Required information Use the following information for the Quick Study below. Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases, Also, on December 15, Monson sells 25 units for $45 each Purchases on December 7 Purchases on December 14 Purchases on December 21 15 units $18.00 cost 29 units $27.00 cost 35 units 532.00 cost