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Current Attempt in Progress Sheffield Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: (a) Determine the
Current Attempt in Progress Sheffield Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: (a) Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) Average cost. (Do not round intermediate calculations. Round cost of goods sold answers to 0 decimla places, e.g. 125 and average cost answers to 2 decimal places, e.g. 1.25.)
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