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Ivanhoe Company reports the following for the month of June. ...

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Question

Accounting

Ivanhoe Company reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1

Inventory

 123 $5 $ 615

12

Purchases

 403 6 2,418

23

Purchases

 188 7 1,316

30

Inventory

 219

Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

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