Ivanhoe Company uses a periodic inventory system and reports the following for the month of June...
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Ivanhoe Company uses a periodic inventory system and reports the following for the month of June Date Explanation Units Unit Cost Total Cost Xine 1 Inventory $650 2.220 1,400 12 23 30 Purchases Purchases Inventory 130 370 200 230 Weighted average unit cost $ Calculate weighted average unit cost. (Round answer to 3 decimal places, eg. 5.125) eTextbook and Media 6 7 The cost of the ending inventory S The cost of goods sold Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round answers to decimal places, eg: 1253 FIFO LIFO Average cost Ivanhoe Company uses a periodic inventory system and reports the following for the month of June Date Explanation Units Unit Cost Total Cost Xine 1 Inventory $650 2.220 1,400 12 23 30 Purchases Purchases Inventory 130 370 200 230 Weighted average unit cost $ Calculate weighted average unit cost. (Round answer to 3 decimal places, eg. 5.125) eTextbook and Media 6 7 The cost of the ending inventory S The cost of goods sold Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round answers to decimal places, eg: 1253 FIFO LIFO Average cost
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Answer rating: 100% (QA)
Weighted average unit cost 5130637072001303702005846 FIFO Cos... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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