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
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0ebc4bed-8807-46b4-839b-852d5415f405%2F34a4be9e-06cd-4712-b303-0e56493dd292%2Fcwgty1e_processed.jpeg&w=3840&q=75)
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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