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At May 1, 2022, Sheffield Corp. had beginning inventory consisting of 300 units with a unit cost of $ 7. During May, the company purchased
At May 1, 2022, Sheffield Corp. had beginning inventory consisting of 300 units with a unit cost of $ 7. During May, the company purchased inventory as follows: -640 units at $ 7 - 940 units at $8 The company sold 1590 units during the month for $ 13 per unit. Sheffield Corp. uses the average cost method. The value of Sheffield Corp's inventory at May 31, 2022 is (Round average cost per unit to 2 decimal places, eg. 12.52.) O $2175. O $ 2320 O $2030. O $ 14100 The following information was available for Sunland Company at December 31, 2022: beginning inventory $ 98000; ending inventory $70000; cost of goods sold $ 803880; and sales $ 1112000. Sunland days inventory turnover ratio in 2022 was (Use 365 days for calculation. Round intermediate calculation to 2 decimal places, eg. 12.25.) O 27.6 days. O 31.8 days. O 38.1 days. O 44.5 days. Sheffield Corp. had the following records: 2022 2021 $ 26650 Ending inventory Cost of goods sold $ 35490 220490 205600 What is Sheffield's average days in inventory for 2022 (rounded) (Use 365 days for calculation. Round intermediate calculations to 1 decimal place, eg. 12.1.) 62.9 days 55.3 days O 514 days 47.4 days
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