[The following information applies to the questions displayed below] Trey Monson starts a merchandising business...
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[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 perpetuat inventory system. Also, on December 15, Monson sells 15 units for $33 each. Purchases on Decenber. 710 units e 319,00 cost Purchases on Decenber 1420 units e $25.60 cost Purchases on Deceaber 2115 units e $27.00 cost QS 5-14 (Algo) Perpetual: Inventory costing with specific identification LO P1 Of the units sold, 8 are from the December 7 purchase and 7 are from the December 14 purchase. Determine the costs assigned to ending inventory when costs are assigned based on specific identification
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