Question: Current Attempt in Progress You are provided with the following information for Sheffield Inc. for the month ended June 30, 2019. Sheffield uses the periodic

 Current Attempt in Progress You are provided with the following information

Current Attempt in Progress You are provided with the following information for Sheffield Inc. for the month ended June 30, 2019. Sheffield uses the periodic system for inventory. Unit Cost or Quantity Selling Price 43 $41 108 68 Date Description June 1 Beginning inventory June 4 Purchase June 10 Sale June 11 Sale return June 18 Purchase June 18 Purchase return June 25 Sale June 28 Purchase 66 73 3351 (21) Your Answer Correct Answer * Your answer is incorrect. Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted average cost per unit $ 40.05 eTextbook and Media Solution Attempts: 3 of 3 used (22) Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO.(3) Average-cost. (Round average-cost method answers to 2 decimal places, e.g. 1,250.25 and other answers to 0 decimal places, e.g. 1,250. Use weighted average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST The ending inventory $ The cost of goods sold $ Gross profit eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (a3) The parts of this question must be completed in order. This part will be available when you complete the part above. (b) The parts of this question must be completed in order. This part will be available when you complete the part above

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