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Sheffield Company's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 360 @
Sheffield Company's record of transactions concerning part X for the month of April was as follows. Purchases Sales April 1 (balance on hand) 360 @ $6.70 April 5 560 660 @ 6.80 12 460 11 560 7.10 27 1,320 18 460 @ 7.20 28 150 26 860 7.50 30 460 @ 7.80 Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units on (1) First-in, first-out (FIFO).(2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to 0 decimal places, eg. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory $ $ $ Save for Later Attempts: 0 of 2 used Submit
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