Question: determine the ending inventory under a perpetual inventory system using (1) FIFO, (2) moving-average, and (3) LIFO. (for calcualtion and answer purpose round unit cost


Sheffield Corp. began operations on July 1. It uses a perpetual Inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 9 $70 July 6 6 July 11 5 $78 5 un July 14 July 21 7 $85 6 July 27 acer Calculate average cost for each unit. (For calculation and answ July 1 $ 70 July 6 $ 70 July 11 $ 75 July 14 $ 75 July 21 $ 82 July 27 $ 82 e Textbook and Media List of Accounts Atte (a2) Determine the ending inventory under a perpetual inventory system using (1) FIFO (2) moving average, and (3) LIFO. (For calculation and answers purpose round unit costs to 2 decimal places, eg. 15.25 and ending inventory values to decimal places, eg. 515) LIFO FIFO MOVING-AVERAGE The ending inventory under a perpetual inventory system e Textbook and Media List of Accounts Attempts unlimited Submit Awiwer Soveror Later acer
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