Ivanhoe Company had a beginning inventory of 108 units of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20   640   units at   $9   Aug. 12   377   units at   $11 May 5   540   units at   $10   Dec. 8   91   units at   $12 Ivanhoe Company uses a periodic inventory system. Sales totaled 1,590 units. Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. 150.)

Q: Ivanhoe Company had a beginning inventory of 108 units of Product RST at a cost of $8 per unit.…

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