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Question 3 of 12 0.5 / 1 View Policies Show Attempt History Current Attempt in Progress Ivanhoe Company uses a periodic inventory system and reports
Question 3 of 12 0.5 / 1 View Policies Show Attempt History Current Attempt in Progress Ivanhoe Company uses a periodic inventory system and reports the following for the month of June. Date Units 130 Unit Cost $5 June 1 Explanation Inventory Purchases Purchases Inventory Total Cost $ 650 2.220 1,400 12 6 23 370 200 230 7 30 Your answer is correct. Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ 6.10 Question 3 of 12 0.5 / 1 Your answer is incorrect. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to o decimal places, eg. 125.) FIFO LIFO Average-cost The cost of the ending inventory $ $ $ The cost of goods sold $ $ $ e Textbook and Media Save for Later Last saved 16 hours ago. Attempts: 1 of 3 used Submit
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