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Sheffield Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $575 each. On January 10,

Sheffield Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $575 each. On January 10, Sheffield purchased 7 units at $770 each. The company sold 2 units on January 8 and 4 units on January 15.

fifo ending inventory-

lifo ending inventory-

moving average cost-

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