On December 1,2025, Ivanhoe Company had the account balances shown below. Inventory =(2,800$0.60)...
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On December Ivanhoe Company had the account balances shown below. Inventory $ The following transactions occurred during December. Dec. Purchased units of inventory on account at a cost of $ per unit. Sold units of inventory on account for $ per unit. Ivanhoe sold of the $ units and of the $ units. Granted the December customer $ credit for units of inventory returned costing $ These units were returned to inventory. Purchased units of inventory for cash at $ each. Sold units of inventory on account for $ per unit. Ivanhoe sold of the $ units. Adjustment data: Accrued salaries and wages payable $ Depreciation on equipment $ per month. Income tax expense was $ to be paid next year. Compute ending inventory and cost of goods sold under FIFO, assuming Ivanhoe Company uses the periodic inventory system. Ending inventory $ Cost of goods sold $ Compute ending inventory and cost of goods sold under LIFO, assuming Ivanhoe Company uses the periodic inventory system. Ending inventory $ Cost of goods sold $ 
On December Ivanhoe Company had the account balances shown below.
Inventory $
The following transactions occurred during December.
Dec. Purchased units of inventory on account at a cost of $ per unit.
Sold units of inventory on account for $ per unit. Ivanhoe sold of the $ units and of the $
units.
Granted the December customer $ credit for units of inventory returned costing $ These units were
returned to inventory.
Purchased units of inventory for cash at $ each.
Sold units of inventory on account for $ per unit. Ivanhoe sold of the $ units.
Adjustment data:
Accrued salaries and wages payable $
Depreciation on equipment $ per month.
Income tax expense was $ to be paid next year.
Compute ending inventory and cost of goods sold under FIFO, assuming Ivanhoe Company uses the periodic inventory system.
Ending inventory $
Cost of goods sold $
Compute ending inventory and cost of goods sold under LIFO, assuming Ivanhoe Company uses the periodic inventory system.
Ending inventory
$
Cost of goods sold $
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