Ivanhoe Co, began operations on July 1. It uses a perpetual inventory system. During July,...
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Ivanhoe Co, began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Rouna average-cost per unit to 2 decimal places, e.g. 12.52 and final answer to 0 decimal places, eg. 1,250 .) Calculate the average cost per unit at July 1,6,11,14,21&27. (Round answers to 2 decimal places, eg. $105.50.)
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