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Sherwood Company's inventory records for the most recent year contain the following data: E (Click the icon to view the data.) Sherwood Company sold a
Sherwood Company's inventory records for the most recent year contain the following data: E (Click the icon to view the data.) Sherwood 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.) Using the average-cost method, the cost of goods sold is and the ending inventory is $ Data Table Requirements -X Unit Cost Quantity 9,000 $ 18.00 Beginning inventory Purchases during year 16,000 $ 20.00 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 Enter any number in the edit fields and 2 parts remaining Print Done Check
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