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Sheffield Company uses a periodic inventory system. For April, when the company sold 560 units, the following information is available. April 1 inventory April 15
Sheffield Company uses a periodic inventory system. For April, when the company sold 560 units, the following information is available. April 1 inventory April 15 purchase April 23 purchase 2011 Units Unit Cost 240 $27 370 32 390 35 1,000 Total Cost $ 6,480 11,840 13,650 $31,970 Compute the April 30 inventory and the April cost of goods sold using the LIFO method. Ending inventory Cost of goods sold
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