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Question 5 View Policies Current Attempt in Progress Ivanhoe Company uses a periodic Inventory system. Its records show the following for the month of May,
Question 5 View Policies Current Attempt in Progress Ivanhoe Company uses a periodic Inventory system. Its records show the following for the month of May, in which 70 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 33 27 Purchase $10 $330 11297 12 $1,107 24 Purchase 480 Total Calculate the weighted-average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average unit cost $ 11.070 cTextbook and Media Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, eg. 125.) FIFO LIFO AVERAGE-COST The ending inventory at May 31 $ e Textbook and Media
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