1 2 Question 1 30 points 4 5 6 7 The following is a record of Sheffield Company's transactions fro the month of May 2017 1-May Beginning balance of 440 units at $20 each 12 May Purchased 660 units at 522 each 20 May Sold 940 units at $42 each 10 12 Compute the following 14 Using FIFO 15 Ending Inventory 16 COGS 17 using UFO 19 Ending inventory 20 COGS 22 uing average costing 23 Ending inventory 24 COGS 25 25 27 28 29 Question 2 30 31 22 10 points Vaughn Company took a physical inventory on December 31 and determined that goods costing S230.000 were on hand. Not included in the physical count were $12.000 of goods on consignment at Pelzer Corporation, and $19.000 of goods sold to Alvaret Company for $27.000 FOB destination What amount should Vaughn report as its December 31 inventory 34 35 06 37 29 41 42