Ivanhoe Corporation sells item A as part of its product line. Information as to balances...
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Ivanhoe Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Unit Price of Purchase $4.60 $4.8 Date January 11 January 24 February 8 March 16 June 11 Purchased Sold Balance 480 1,310 - 1,790 - 380 1,410 - 570 840 670 - 1,510 $5.2 Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method. Ending inventory $ Compute the cost of goods sold for the first six months under the periodic FIFO inventory pricing method. Cost of goods sold $
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