Question: Use the following information for the Quick Study below. (Algo) (11-14) Skip to question [The following information applies to the questions displayed below.] Trey Monson

Use the following information for the Quick Study below. (Algo) (11-14) Skip to question [The following information applies to the questions displayed below.] 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 $28 each. Purchases on December 7 10 units @ $14.00 cost Purchases on December 14 20 units @ $20.00 cost Purchases on December 21 15 units @ $22.00 cost rev: 04_27_2022_QC_CS-303965

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