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help Trey Monson starts a merchandising business on December...

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Accounting

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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 23 units for $30 each Purchases on December Purchases on December 14 Purchases on December 21 13 units 512.00 cost 30 units 510.00 cost 23 units @ $22.00 cost Required: Monson sells 23 units for $30 each on December 15. Monson uses a perpetual inventory system Determine the costs assigned to the December 31 ending inventory when costs are assigned based on LIFO. Perpetual LIFO: Inventory Balance Cost of Goods Sold Goods purchased Cost of Goods Available for unit Sale # of units Cost per unit # of units sold Cost per Inventory Balance Cost per Cost of Goods unit Sold #of units Date 0.00 December 7 0.00 December 14 $ 0.00 December 15 $ December 21 0.00 Totals

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