Question: Please include steps and explanations!!! Ivanhoe Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following

Please include steps and explanations!!! Ivanhoe Company began operations on July

Please include steps and explanations!!!

Ivanhoe Company began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 13 $ 56 July 6 10 July 11 9 $60 July 14 9 July 21 12 $64 July 27 11 (a1) Your answer is partially correct. Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.)

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