Trey Monson starts a merchandising business on December 1, and enters into the following three...
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Accounting
Trey Monson starts a merchandising business on December 1, and enters into the following three inventory purchases. Also on December 15, Monson sells 27 units for $40 each. Determine the costs assigned to ending inventory when costs are assigned based on the weighed average method and the specific identification method.
Purchase on December 7 17 units @$16, Purchase on December 14 33 units @$24 Purchase on December 21 27 units @ $29
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