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Sheffield Corp.had a beginning inventory of115units of Product RST at a cost of $9per unit. During the year, purchases were:Feb. 20660units at$10Aug. 12401units at$12May 5559units

Sheffield Corp.had a beginning inventory of115units of Product RST at a cost of $9per unit. During the year, purchases were:Feb. 20660units at$10Aug. 12401units at$12May 5559units at$11Dec. 8115units at$13Sheffielduses a periodic inventory system. Sales totaled1,500units.

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