ES Question 4 At May 1, 2016, Sheffield Company had beginning inventory consisting of 220 units with a unit cost of $8.00. During May, the company purchased inventory as follows: 720 units at $8.00 660 units at $7.00 The company sold 1200 units during the month for $14 per unit. Sheffield uses the average cost method. The value of Sheffield's inventory at May 31, 2016 is $1010. $3035 $3110. $4720 Click if you would like to Show Work for this question: Open Show Work dy