Problem 6-03A Sheffield Corp. had a beginning inventory of 115 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 May 5 660 559 units at units at $10 $11 Aug. 12 Dec. 8 401 115 units at units at $12 $13 Sheffield uses a periodic inventory system. Sales totaled 1,500 units. x Your answer is incorrect. Try again. Determine the cost of goods available for sale. The cost of goods available for sale sale 1 235 235 Calculate Average Cost. (Round answer to 3 decimal places, e.g. 5.125.) Average cost 12.273 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO x Your answer is incorrect. Try again. Determine the ending inventory and the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to o decimal places, e.g. 150.) FIFO AVERAGE-COST The ending inventory The cost of goods sold SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO