Question: Please answer the empty boxes. The choices for the last 3 questions are in the last picture. Exercise 6-8 Sheffield Corp. uses the periodic inventory

Please answer the empty boxes. The choices for the last 3 questions are in the last picture.

Please answer the empty boxes. The choices for the last 3 questionsare in the last picture. Exercise 6-8 Sheffield Corp. uses the periodic

Exercise 6-8 Sheffield Corp. uses the periodic inventory system and had 120 units in beginning inventory at a total cost of $14,400. The company purchased 240 units at a total cost of $36,000. At the end of the year, Sheffield had 75 units in ending inventory. | Your answer is partially correct. Try again. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to O decimal places, e.g. 1,250.) FIFO LIFO Average-cost The cost of the ending inventory 11,250 The cost of goods sold 39,150 x Your answer is incorrect. Try again. Which cost flow method would result in the highest net income? LINK TO TEXT * Your answer is incorrect. Try again. Which cost flow method would result in inventories approximating current cost in the balance sheet? LINK TO TEXT Your answer is incorrect. Try again. Which cost flow method would result in Sheffield paying the least taxes in the first year

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