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In 2024, Ivanhoe Inc. sold 15,300 units of its product at an average price of $350 per unit. Ivanhoe purchased 18,100 units of its product

image text in transcribed In 2024, Ivanhoe Inc. sold 15,300 units of its product at an average price of $350 per unit. Ivanhoe purchased 18,100 units of its product from its manufacturing supplier in 2024 , at an average cost of $200 per unit. Operating expenses (excluding depreciation) fo Ivanhoe Inc. in 2024 were $394,000 and depreciation expense was $137,000. Ivanhoe had $1,030,000 in debt outstanding for the fu

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