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Current Attempt in Progress Sheffield Company's inventory records show the following data: A physical imventory on December 31 shows 3900 units on hand. Sheffeld sells

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Current Attempt in Progress Sheffield Company's inventory records show the following data: A physical imventory on December 31 shows 3900 units on hand. Sheffeld sells the units for $13 each. The company has an effective tax rate of 22%. Sheffield uses the periodic inventory method, Under the FIFO method, the December 31 inventory is valued at $35100$40500$27300$34320

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