Some of the information found on a detail inventory card for Sheffield Inc. for the first month of operations is as follows. Received Date January 2 No. of Units Unit Cost Issued, No. of Units Balance, No. of Units 1,400 $4.47 1,400 7 900 500 10 800 4.77 1,300 13 700 600 18 1,200 4.92 500 1,300 20 1,100 200 23 1,500 5.07 1,700 26 1,000 700 28 1,800 5.22 2,500 31 1,500 1,000 Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) From these data compute the ending inventory on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to O decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory 5220.0 $ 4470.0 $ 5170.14 A If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending inventory in (1), (2), and (3) above be the same? What amount would be shown as ending inventory? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to O decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Would amount be same Ending Inventory A A