Ivanhoe center began opsratons on July 1. It uses a parpstual invantory system. Uuring July, the company had the following purchases and aales. Calsulate waighted-avarage unit cost (Round answers to 3 decimal places, eg. 15.251.) July 1$ July6 $ July 11$ July 14$ July 21$ July 27$ (a2) Determins the ending imentory under a perpatual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (For calculation and answers purpose round unit costs to 3 decimal places, eg. 15.251 and ending inventory values to 0 decimal places, eg. 515.) Attempts: 0 of 3 used Using multiple attempts will impact your score. 2096 scors reduction after attempt 2 (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Ivanhoebegapurchases and sales.rationstuses a perpetual inventoryJuly, the company had the followingPurchasesDateUnitsUnit Cost Sales UnitsJuly 110566July 6July 116$70July 14July 21July 27$747(a1)Your AnswerCorrect Answer (Used)Calculate weighted-average unit cost. (Round answers to 3 decimal places, e.g. 15.251.)July 166July 6S66July 11$69.000July 14 $69.000July 21$73.000July 27S73.000(a2)Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (Forcalculation and answers purpose round unit costs to 3 decimal places, eg. 15.251 and ending inventory values to O decimal places, e.g.515)FIFOMOVING-AVERAGELIFOEnding inventory$$$Save for LaterUsing multiple attempts will impact your score.20% score reduction after attempt 2(b)Attempts: 0 of 3 used Submit AnswerThe parts of this question must be completed in order. This part will be available when you complete the part above.

July 1$66July 6$66July 11$69July 14$69July 21$73July 27$73

Answered: Your Answer Correct Answer (Used)…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 1MP: Hurst Companys beginning inventory and purchases during the fiscal year ended December 31, 20-2,...

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Ivanhoe center began opsratons on July 1. It uses a parpstual invantory system. Uuring July, the company had the following purchases and aales. Calsulate waighted-avarage unit cost (Round answers to 3 decimal places, eg. 15.251.) July 1$ July6 $ July 11$ July 14$ July 21$ July 27$ (a2) Determins the ending imentory under a perpatual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (For calculation and answers purpose round unit costs to 3 decimal places, eg. 15.251 and ending inventory values to 0 decimal places, eg. 515.) Attempts: 0 of 3 used Using multiple attempts will impact your score. 2096 scors reduction after attempt 2 (b) The parts of this question must be completed in order. This part will be available when you complete the part above.

Ivanhoe
bega
purchases and sales.
rations
tuses a perpetual inventory
July, the company had the following
Purchases
Date
Units
Unit Cost Sales Units
July 1
10
566
July 6
July 11
6
$70
July 14
July 21
July 27
$74
7
(a1)
Your Answer
Correct Answer (Used)
Calculate weighted-average unit cost. (Round answers to 3 decimal places, e.g. 15.251.)
July 1
66
July 6
S
66
July 11
$
69.000
July 14 $
69.000
July 21
$
73.000
July 27
S
73.000
(a2)
Determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (For
calculation and answers purpose round unit costs to 3 decimal places, eg. 15.251 and ending inventory values to O decimal places, e.g.
515)
FIFO
MOVING-AVERAGE
LIFO
Ending inventory
$
$
$
Save for Later
Using multiple attempts will impact your score.
20% score reduction after attempt 2
(b)
Attempts: 0 of 3 used Submit Answer
The parts of this question must be completed in order. This part will be available when you complete the part above.

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