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Sheffield TVs uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $672 each. On January 10,
Sheffield TVs uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $672 each. On January 10, Sheffield purchased 6 units at $726 each. The company sold 2 units on January 8 and 4 units on January 15.
compute the ending inventory under FIFO and compute the ending inventory under moving average cost
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