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Sheffield Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at ( $ 630 ) each.

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image text in transcribed Sheffield Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at \\( \\$ 630 \\) each. On January 10 , Sheffield purchased 6 units at \\( \\$ 700 \\) each. The company sold 2 units on January 8 and 5 units on January 15 . (a) Your answer is incorrect. Compute the ending inventory under FIFO. Your answer is correct. Compute the ending inventory under LIFO. eTextbook and Media Attempts: 1 of 5 u Compute the ending inventory under moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.)

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