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Ivanhoe Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given
Ivanhoe Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Date January 11 January 24 February 8 March 16 June 11 Purchased 1,330 600 Quantities Sold 340 620 Balance 440 1,770 1,430 810 1,410 Unit Price of Purchase $4.60 $4.9 $5.1 Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method.
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