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Ivanhoe Company Inc. had a beginning inventory of 125 units of Product RST at a cos Feb. 20 660 May 5 units at 520 units at (a) $10 $11 Aug. 12 Dec. 8 470 125 units at units at $12 $13 Ivanhoe Company uses a periodic inventory system. Sales totaled 1,510 units.

Ivanhoe Company Inc. had a beginning inventory of 125 units of Product RST at a cos Feb. 20 660 May 5 units at 520 units at (a) $10 $11 Aug. 12 Dec. 8 470 125 units at units at $12 $13 Ivanhoe Company uses a periodic inventory system. Sales totaled 1,510 units.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ivanhoe Company Inc. had a beginning inventory of 125 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 May 5 660 units at 520 units at (a) $10 $11 Aug. 12 Dec. 8 Determine the cost of goods available for sale. The cost of goods available for sale $ Ivanhoe Company uses a periodic inventory system. Sales totaled 1,510 units. 470 125 Weighted-average cost per unit $ units at units at $12 $13 Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.)
Transcribed Image Text:Ivanhoe Company Inc. had a beginning inventory of 125 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 May 5 660 units at 520 units at (a) $10 $11 Aug. 12 Dec. 8 Determine the cost of goods available for sale. The cost of goods available for sale $ Ivanhoe Company uses a periodic inventory system. Sales totaled 1,510 units. 470 125 Weighted-average cost per unit $ units at units at $12 $13 Calculate weighted-average cost per unit. (Round answer to 3 decimal places, e.g. 5.125.)
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