Question: trey monson starts a merchandising business on december 1 and...
Trey Monson starts a merchandising business on December 1 and
enters into the following three inventory purchases. Also, on
December 15, Monson sells 28 units for $10 each.
|Purchases on December 7||18 units @ $4.00 cost|
|Purchases on December 14||35 units @ $6.00 cost|
|Purchases on December 21||28 units @ $7.00 cost|