Please answer part B

In its first month of operations, Sheffield Inc. made three purchases of inventory in the following sequence: (1) 380 units at \$9 each, (2) 710 units at $11 each, and (3) 780 units at $10 each. A physical inventory count determined that there were 610 units on hand at the end of the month. Assuming Sheffield uses a periodic inventory system. (a) Calculate the cost of the ending inventory and cost of goods sold using by FIFO. Ending inventory $ Cost of goods sold $ eTextbook and Media Attempts: 0 of 3 used Cost of goods sold $ Ending inventory $ eTextbook and Media Attempts: 2 of 3 us (b) Calculate the cost of goods sold and ending inventory using the average cost method. (Round average cost per unit to 2 decimal places, e.g. 1.25. Round intermediate and final answers to 0 decimal places, e.g. 5,125.) Cost of goods sold $ Ending inventory \$