Assume that Sheffield Company has the following transactions in its first month of operations. Date Feb. 1 Feb. 10 Feb. 21 Purchases 2,900 @ $4 5,800@$4.60 Feb. 28 2,900 @ $4.75 Cost of goods sold Ending inventory Sold $ 4,350 units Balance Moving-Average 2,900 units Compute cost of goods sold and ending inventory at February 28, assuming that Sheffield uses a perpetual inventory system and the moving-average cost flow assumption. (Round unit costs to 3 decimal places, e.g. 4.253 and final anwers to 0 decimal places, e.g. 1,235.) 8,700 units 4,350 units 7,250 units

Assume that Sheffield Company has the following transactions in its first month of operations. Date Purchases Sold Balance Feb. 1 2,900 @$4 2,900 units Feb. 10. 5,800 @ $4.60 8,700 units Feb. 21 4,350 units 4,350 units Feb. 28 2,900 @ $4.75 7,250 units Compute cost of goods sold and ending inventory at February 28, assuming that Sheffield uses a perpetual inventory system and the moving average cost flow assumption. (Round unit costs to 3 decimal places, eg. 4.253 and final anwers to O decimal places, e.g. 1,235.) Moving Average Cost of goods sold $ Ending inventory $