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Sheldon Company's inventory records for the most recent year contain the following data: BEE (Click the icon to view the data.) Sheldon Company sold a
Sheldon Company's inventory records for the most recent year contain the following data: BEE (Click the icon to view the data.) Sheldon Company sold a total of 19,200 units during the year. Read the requirements. Requirement 1. Using the average-cost method, compute the cost of goods sold and ending cent.) Average-cost method cost of goods sold = $ 144,000 Average-cost method ending inventory = $ 36,000 Requirement 2. Using the FIFO method, compute the cost of goods sold and ending invento FIFO method cost of goods sold = FIFO method ending inventory = nto Data table Quantity Unit Cost Beginning inventory 6,000 $ 6.00 Purchases during year 18,000 $ 8.00 Print Done - X 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. Print Done -X
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