Current Attempt in Progress Sheridan Appliances had 100 units in beginning inventory at a total cost of NT$284,000. The company purchased 200 units at a total cost of NT$664,000. At the end of the year, Sheridan had 100 units in ending inventory Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost. (Round average-cost per unit to 2 decimal places, eg. 2.25 and final answers to O decimal places, eg NTS45) The cost of the ending inventory NTS The cost of goods sold NT$ eTextbook and Media FIFO Which cost flow method would result in the higher net income? method would result in the higher net income. Average-cost NTS NTS eTextbook and Media Which cost flow method would result in inventories approximating current cost in the statement of financial position? method would result in inventories approximating current cost in the statement of financial position eTextbook and Media. Which cost flow method would result in Sheridan paying fewer taxes in the first year? method would result in Sheridan paying lower taxes in the first year. eTextbook and Media Attempts: 0 of 3 used Submit