Sheldon Company's inventory records for the most recent year contain the following data: (Click the icon...
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Sheldon Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Sheldon Company sold a total of 21,100 units during the year. Read the requirements. 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 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. 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. Print Done Quantity Unit Cost Beginning inventory Purchases during year 7,000 20.00 18,000 $ 24.00 Print Done Sheldon Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Sheldon Company sold a total of 21,100 units during the year. Read the requirements. 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 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. 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. Print Done Quantity Unit Cost Beginning inventory Purchases during year 7,000 20.00 18,000 $ 24.00 Print Done
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