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Sherwood Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Sherwood Company sold a total
Sherwood Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Sherwood Company sold a total of 19,800 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 = $ 352,440 3,560 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 = 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. - X Data table Beginning inventory Purchases during year Print Quantity Unit Cost 2,000 18,000 $ 16.00 18.00 $ Done - X
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