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Sheffield Co. has the following data related to an item of inventory: Inventory,March1Purchase,March7Purchase,March16Inventory,March31410units@$1.801390units@$1.90250units@$1.95600units The value assigned to cost of goods sold if Sheffield uses a

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Sheffield Co. has the following data related to an item of inventory: Inventory,March1Purchase,March7Purchase,March16Inventory,March31410units@$1.801390units@$1.90250units@$1.95600units The value assigned to cost of goods sold if Sheffield uses a FIFO periodic inventory system is $1158. $2770. $1099. $2714

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