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Ivanhoe Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Ivanhoe's purchases and sales

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Ivanhoe Company sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Ivanhoe's purchases and sales of the ultra-lightweight snowboard in October: Date Unit Sales Price Units Unit Purchase Price $299 306 25 Transaction Beginning inventory Purchase Sale Oct. 1 10 30 12 $476 13 Purchase 314 (42) 35 (45) 20 25 Sale 486 27 Purchase 322 Assume that all of Ivanhoe's sales are for cash and all of its purchases are on account. Record the purchase on October 10 and sale on October 12 for Ivanhoe Company in a perpetual inventory system under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to three decimal places, e.g. 5.275 and final answers to 2 decimal places, e.g. 5,275.25. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Date Account Titles and Explanation Perpetual - FIFO Oct. 10 (To record purchase on account.) Oct. 12 (To record cash sales.) Oct. 12 (To record cost of goods sold.) Perpetual-Weighted Average Oct. 10 (To record purchase on account.) Oct. 12 (To record purchase on account.) Oct. 12 (To record cash sales.) Oct. 12 (To record cost of goods sold.) List of Accounts --/7.5 Question Part Score Record the purchase on October 13 and sale on October 25 for Ivanhoe Company in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Record the purchase on October 13 and sale on October 25 for Ivanhoe Company in a periodic inventory system under (1) FIFO and (2) weighted average. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Date Account Titles and Explanation Periodic-FIFO Oct. 13 (To record purchase on account.) Oct. 25 (To record cash sales.) Periodic-Weighted Average Oct. 13 (To record purchase on account.) Oct. 25 (Tn record cach cales) (To record cash sales.) Periodic-Weighted Average Oct. 13 (To record purchase on account.) Oct. 25 (To record cash sales.) List of Accounts -17.5

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