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Ivanhoe Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round cost
Ivanhoe Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round cost per unit to 2 decimal places, eg. 52.75.) Purchases Cost Of Goods Sold Inventory Balance Date Units Cost Total Units Cost Units Cost Total Total June 1 Beginning inventory 200 $25.70 $5.140 430 $22.00 $9.460 $25.70 $5,140 200 $ 1705 370 26 350 $20.60 $7.210
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