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Ivanhoe Company uses a periodic inventory system. Its records show the following for the month of May, in which 70 units were sold. Date Explanation
Ivanhoe Company uses a periodic inventory system. Its records show the following for the month of May, in which 70 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 30 $10 $300 15 Purchase 25 11 275 24 Purchase 38 12 456 Total 93 $1,031 Calculate the weighted-average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average unit cost
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Cima Official Learning System Fundamentals Of Business Mathematics
Authors: Graham Eaton
4th Edition
1856177831, 978-1856177832
