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Ivanhoe Company uses a periodic inventory system and reports the following for the month of June. 0.75/1.5 Date Explanation Units Unit Cost Total Cost
Ivanhoe Company uses a periodic inventory system and reports the following for the month of June. 0.75/1.5 Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $600 12 Purchase 390 6 2,340 23 Purchase 210 7 1,470 30 30 Inventory 220 (a1) Your answer is correct. Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ 6.125
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
2nd edition
9780077493677, 78025516, 77493672, 9780077826482, 978-0078025518
