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Ivanhoe Company had a beginning inventory balance on July 1 of 350 units at a cost of $3.10 each. During the month, the
Posted: Tue Jul 05, 2022 11:24 am
by answerhappygod
- Ivanhoe Company Had A Beginning Inventory Balance On July 1 Of 350 Units At A Cost Of 3 10 Each During The Month The 1 (20.47 KiB) Viewed 12 times
Ivanhoe
Company had a beginning inventory balance on July 1 of 350 units at a cost of $3.10 each. During the month, the following inventory transactions took place: Date July 10 13 27 (a) Purchases Units 1,370 700 570 Cost per unit $3.30 3.70 3.90 Date Cost of goods available for sale July 2 11 28 Sales $ Units 300 1,050 370 Price per unit $6.10 6.10 Calculate the cost of goods available for sale and the number of units of ending inventory. 6.60