Question: Please help, I can't seem to get it right, please show work if you can View Policies Current Attempt in Progress Sheffield Ltd. reports the

Please help, I can't seem to get it right, please show work if you can

Please help, I can't seem to get it right, please show work

View Policies Current Attempt in Progress Sheffield Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1,500 units were on hand at the end of the month. Date June 1 12 16 23 Explanation Beginning inventory Purchases Purchases Purchases Units 1,410 2,320 4,700 1,380 Units Cost $5 6 Total Cost $7,050 13,920 32,900 11,040 7 8 Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25. Round unit cost to 6 decimal places. e.g. 15.243876.) FIFO Average Cost of the ending inventory $ $ $ Cost of goods sold $ $

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