Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Monso

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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 $37 each.
Of the units sold, 27 are from the December 7 purchase and 15
are from the December 14 purchase. Determine the costs assigned to
ending inventory when costs are assigned based on specific
identification.