Transactions for Ivanhoe Ltd. for the month of June were: Purchases June 1 (balance) 410@ $3.10 1130@ 630@ 3.20 930@ 240 @ 3.40 3552 15 22 3.00 O $1971. O $2011. O $1811. O $1829. 3.30 June 2 6 820@ 490@ 200@ 730@ 25 170@ 9 10 Sales 340@ $5.60 18 5.60 5.60 6.10 6.10 6.10 Ivanhoe Ltd. uses the periodic inventory system. The ending inventory on a FIFO basis is

Transactions for Ivanhoe Ltd. for the month of June were: Purchases June 1 (balance) 410@ $3.10 1130@ 630@ 3.20 930@ 240 @ 3.40 3552 15 22 3.00 O $1971. O $2011. O $1811. O $1829. 3.30 June 2 6 820@ 490@ 200@ 730@ 25 170@ 9 10 Sales 340@ $5.60 18 5.60 5.60 6.10 6.10 6.10 Ivanhoe Ltd. uses the periodic inventory system. The ending inventory on a FIFO basis is

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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