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O 3 Required information Trey Monson starts a merchandising business on December 1 and enters...

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Accounting

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O 3 Required information 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 $45 each. Part 2 of 2 Purchases on December 7 Purchases on December 14 Purchases on December 21 18 units $18.00 cost 32 units $27.00 cost 20 units . $32.00 cost 10 points Required: Monson sells 28 units for $45 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 Goods purchased Cost of Goods Sold Inventory Balance Cost of Goods Cost per Available for # of units #of units sold Cost per unit Cost of Goods Sold of units Date Cost per unit Inventory Balance unit Sale December 7 $ 0.00 December 14 5 0.00 $ 0.00 December 15 December 21 0.00 ee Totais

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