Ivanhoe Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units

Ivanhoe Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 5 $120.00 July 6 3 July 11 7 $134 July 14 5 July 21 8 $146 July 27 5 (a1) Calculate the average unit cost at July 1, 6, 11, 14, 21 & 27. (Round answers to 2 decimal places, e.g. $105.50.) Average unit cost July 1 $ July 6 $ July 11 $ July 14 $ July 21 $ July 27 $

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