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Exercise 6-14 Ivanhoe Company reports the following for the month of June Explanation Inventory Purchases Purchases Inventory Date Units Unit Cost Total Cost 129 360

Exercise 6-14 Ivanhoe Company reports the following for the month of June Explanation Inventory Purchases Purchases Inventory Date Units Unit Cost Total Cost 129 360 212 285 $645 2,160 1,484 $5 6 June 1 12 23 30 A sale of 371 units occurred on June 15 for a selling price of $8 and a sale of 45 units on June 27 for $9 Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) June 1 June 12 $ June 15 June 23 June 27 s

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