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Sheffield Corp. uses a periodic inventory system and reports the following for the month of June. Date Units Unit Cost Total Cost June 1 Explanation
Sheffield Corp. uses a periodic inventory system and reports the following for the month of June. Date Units Unit Cost Total Cost June 1 Explanation Inventory Purchase 120 $5 $ 600 12 330 6 1,980 23 Purchase 220 7 1,540 30 Inventory 223 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to decimal places, e.g. 5,125.) FIFO LIFO Average-cost Cost of the ending inventory $ $ $ Cost of goods sold $ $ $ e Textbook and Media Assistance Used Save for Later Attempts: 0 of 5 used Submit
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