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[The following information applies to the questions displayed below.] Trey Monson starts a...

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Accounting

[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
Purchases on December 14
Purchases on December 21
10 units@$21.6 cost
2 units @$27.90 cost
15 units@$29.00 cost
Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method.
\table[[,,,,,Perpet,,,,,,,,],[,,Goo,ds purcha:,sed,,,t of Goods,Sold,,lnv,Atory Balano,,],[Date,# of unit,,\table[[Cost],[per],[unit]],\table[[Cost of],[Goods],[Available for],[Sale]],\table[[# of],[units],[sold]],,\table[[Cost],[per],[unit]],\table[[Cost of],[Goods Sold]],# of units,,\table[[Cost],[per],[unit]],,\table[[ventory],[alance]]],[December 7,10O?,at "8,321.00%,=$210.00,,,,,100,at,|21.000|,=,$210.00
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