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Ivanhoe Inc. is a retailer operating in Calgary, Alberta. Ivanhoe uses the perpetual inventory system. Assume that there are no credit transactions; all amounts are
Ivanhoe Inc. is a retailer operating in Calgary, Alberta. Ivanhoe uses the perpetual inventory system. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Ivanhoe for the month of January 2025. Date Dec. 31 Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 Jan. 30 (a1) - Description Ending inventory Jan. 1 Purchase Sale Purchase Sale Purchase Sale Quantity 150 $ 100 175 Your answer is partially correct. 75 55 95 140 Unit Cost or Selling Price $22 22 23 40 24 46 Calculate weighted-average unit cost. (Round answers to 3 decimal places, e.g. 5.125.) 26 49
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