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Problem 3-5 (Part Level Submission) Some of the information found on a detail inventory card for Sheffield Inc. for the first month of operations is
Problem 3-5 (Part Level Submission) Some of the information found on a detail inventory card for Sheffield Inc. for the first month of operations is as follows. Recelved Issued, No. of Units Date January 2 No. of Units 1,500 Unit Cost $3.21 1,000 900 3.42 Balance, No. of Units 1,500 500 1,400 600 1,300 200 1,800 700 2,600 1,000 1,300 800 600 1.100 3.53 1,600 3.64 1,100 1,900 3.75 1,600 (11) Your answer is partially correct. Try again If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending inventory in (1), (2), and (3) above be the same? What amount would be shown as ending inventory? (Round average cost per unit to 4 decimal places 2.7621 and final answers to decimal places, .. 6,548.) (2) FIFO LIFO Would amount be some Yes Ending Inventory 1750 3210 Click if you would like to show Work for this question On Show Work
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