K10 fx D F 1 2 Question 1 30 points 4 The following is a record of Sheffield Company's transactions fro the month of May 2017 5 0 2 B 1 May Beginning balance of 440 units at $20 each 12 May Purchased 660 units 522 each 20-May Sold 900 units at 542 each 10 11 12 compute the following 13 14 using FIFO 15 Ending inventory 16 COGS 12 18 URO 19 Ending inventory 20 COGS 21 22 using average costing 23 Ending inventory 24 COGS 25 26 27 * * = = 29 Question 2 30 10 points Vaughn Company fook a physical inventory on December 31 and determined that goods costing 5230.000 were on hand. Not included in the physical count were 512.000 of goods on consignment at Pelzer Corporation, and 519,000 of goods sold to Alvarez Company for $27.000 FOB destination What amount should Vaughn report as its December 33 31 Inventory 34 35 = CH6 CH7 CH8 + Calculation Mode: Automatic Workbook Statistics