Question: Current Attempt in Progress Ivanhoe Co. began operations on July 1 . It uses a perpetual inventory system. During July, the company had the following

Current Attempt in Progress Ivanhoe Co. began operations on July 1

. It uses a perpetual inventory system. During July, the company had

the following purchases and sales. Calculate the average cost per unit at

$July 1,6,11,14,21\&27. (Round intermediate calculations to 0 decimal places and final answers$

Current Attempt in Progress Ivanhoe Co. began operations on July 1 . It uses a perpetual inventory system. During July, the company had the following purchases and sales. Calculate the average cost per unit at July 1,6,11,14,21\&27. (Round intermediate calculations to 0 decimal places and final answers to 3 decimal places, e.g. $105.501.) Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average cost, and (3) LIFO. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to 0 decimal places, eg. 1,250.) Which costing method produces the highest ending inventory? eTextbook and Media

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