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

Ivanhoe Inc. uses the FIFO cost formula in a perpetual inventory system. Ending inventory at July 31 is $792. $3078. $832. $650