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please help me with this multiple choice question. Sheffield Company has the following inventory information. July 1 Beginning Inventory 20 units at $90 5 Purchases
please help me with this multiple choice question.
Sheffield Company has the following inventory information.
July | 1 | Beginning Inventory | 20 units at $90 | |
5 | Purchases | 70 units at $80 | ||
14 | Sale | 40 units | ||
21 | Purchases | 30 units at $90 | ||
30 | Sale | 20 units |
Assuming that a perpetual inventory system is used, what is the ending inventory (round all unit costs to three decimal places and all cost of goods sold and balance calculations to nearest dollar) under the moving-average cost method?
$5088
$5094
$5108
$5118
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