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Sheffield Company's inventory records show the following data: Unit Units Cost Inventory, January 1 11400 $10.00 Purchases: June 18 8600 8.10 November 8 6400 8.00

Sheffield Company's inventory records show the following data: Unit Units Cost Inventory, January 1 11400 $10.00 Purchases: June 18 8600 8.10 November 8 6400 8.00 A physical inventory on December 31 shows 6400 units on hand. Under the FIFO method, the December 31 inventory is $52032. $64000. $51840. O $51200

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