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Accounting

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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 $35 each.
Purchases on December 7,10 units a $21.00 cost
Purchases on December 14,20 units & $27.00 cost
Purchases on December 21,15 units a $29.00 cost
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