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Ivanhoe Inc. uses the FIFO cost formula in a perpetual inventory system. July 1 July 7 July 8 July 9 July 10 July 22 Beginning
Ivanhoe Inc. uses the FIFO cost formula in a perpetual inventory system. July 1 July 7 July 8 July 9 July 10 July 22 Beginning inventory Purchases Sales Sales Purchases Sales Ending inventory at July 31 is O $792. O $3078. O $832. O $650. 24 units @ $23 per unit 74 units @ $24 per unit 54 units 29 units 54 units @ $26 per unit 44 units
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