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Ivanhoe Company Inc. had a beginning inventory of 125 units of Product RST at a cost of $9 per unit. During the year, purchases were:
Ivanhoe Company Inc. had a beginning inventory of 125 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 May 5 660 520 units at units at $10 $11 Aug. 12 Dec. 8 470 125 units at units at Ivanhoe Company uses a periodic inventory system. Sales totaled 1,510 units. $12 $13
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