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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
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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Transactions for Ivanhoe Ltd. for the month of June were: Purchases June 1 (balance) 410@ $3.10 1130@ 630@ 3.20 930@ 3.30 3152 22 3.00 O $1971. O $2011. O $1811. O $1829. 240 @ 3.40 June 2 6 9 Sales 340@ $5.60 10 820@ 490@ 200@ 5.60 6.10 18 730@ 6.10 25 170@ 6.10 5.60 Ivanhoe Ltd. uses the periodic inventory system. The ending inventory on a FIFO basis is
Transcribed Image Text:Transactions for Ivanhoe Ltd. for the month of June were: Purchases June 1 (balance) 410@ $3.10 1130@ 630@ 3.20 930@ 3.30 3152 22 3.00 O $1971. O $2011. O $1811. O $1829. 240 @ 3.40 June 2 6 9 Sales 340@ $5.60 10 820@ 490@ 200@ 5.60 6.10 18 730@ 6.10 25 170@ 6.10 5.60 Ivanhoe Ltd. uses the periodic inventory system. The ending inventory on a FIFO basis is
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