Lab Assignment 5: Chapter 6 Question 5 of 6 < > View Policies Show Attempt History Current Attempt in Progress 0.5/1 III E Question List In its first month of operations, Sheffield Inc. made three purchases of inventory in the following sequence: (1) 350 units at 59 each. (2) 710 units at $13 each, and (3) 810 units at $12 each. A physical inventory count determined that there were 590 units on hand at the end of the month. Assuming Sheffield uses a periodic inventory system. (a) Your answer is correct Calculate the cost of the ending inventory and cost of goods sold using by FIFO.. Question 1 Accounting Dropdown Question 2 Accounting Muttep Question 3. Accounting Multistep Question 4 Accounting Dropdown Viewing Question 5 Accounting Multistep Question 6 Accounting Multistep (b) Calculate the cost of the ending inventory and cost of goods sold using average. (Round final answers to 2 decimal places, eg. 1.25.) Weighted average cost Ending inventory $ $ Question Accounting De Viewing C Accounting M Cost of goods sold eTextbook and Media. Save for Later Attempts: 0 of 3 used Submit Answer MacBook Pro Question Accounting M