Question 1 View Policies Current Attempt in Progress Ivanhoe Company uses a perpetual inventory system and reports the following inventory transactions for the month of July: Units 150 230 (250) 490 Unit Cost $12.00 13.50 July 1 Inventory 12 Purchases 20 Sale 28 Purchases Total Cost $1,800.00 3.105.00 14.00 6,860.00 LE RECETTE Calculate the cost of goods sold and ending inventory under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to two decimal places.eg 5.27 and final artswers to 2 decimal places.es FIFO Weighted average BEBE Cost of goods sold Ending inventory eTextbook and Media Which cost formula gives the higher ending Inventory cost formula gives the higher ending Inventory o to search e @ 1:36 4/12 e Textbook and Media Which cost formula gives the higher ending inventory? cost formula gives the higher ending inventory eTextbook and Media SELFI Which cost formula results in the higher cost of goods sold? v cost formula results in the higher cost of goods sold. eTextbook and Media Attempts: 0 of 3 used Submit 1:36 AM 4/12/20200 co search