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Sheldon Company's imentory records for the most recent year contain the following data: (Click the icon to view the datai) Sheldon Company soid a total
Sheldon Company's imentory records for the most recent year contain the following data: (Click the icon to view the datai) Sheldon Company soid a total of 19,800 units during the year. Read the roguitements. Requirement 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. (Round the average cost per unit to the nearest cent.) Average-cost method cost of goods sold = Average-cost method ending inventory = Requirement 2. Using the FIFO method, compute the cost of goods soid and ending inventory for the year. Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. FiFO method cost of goods sold = FIFO method ending inventory = Requirement 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. L.F method cost of goods sold = Requirement 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. LIFO method cost of goods sold = LIFO method ending invetory = Data table Requirements 1. Using the average-cost method, compute the cost of goods sold and ending inventory for the year. 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year
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