Question: Use the following information for the Quick Study below. Skip to question Trey Monson starts a merchandising business on December 1 and enters into the

Use the following information for the Quick Study below.

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Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 28 units for $25 each.

Purchases on December 7----18 units @ $10.00 cost

Purchases on December 14----35 units @ $15.00 cost

Purchases on December 21----28 units @ $18.00 cost

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