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

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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 periodic inventory system. Also, on December 15 , Monson sells 15 units for $20 each. Determine the costs assigned to ending inventory when costs are assigned based on the LIFO method

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