How can I solve the blanks on December 15th? Please explain step by step ...
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Accounting
How can I solve the blanks on December 15th? Please explain step by step
Required information [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 $20 each. Required: Determine the costs assigned to the December 31 ending inventory based on the FIFO method
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