Question: Problem 6-9A (Part Level Submission) Sheffield Corp. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following

 Problem 6-9A (Part Level Submission) Sheffield Corp. began operations on July

Problem 6-9A (Part Level Submission) Sheffield Corp. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Units Purchases Unit Cost 8 $74 Sales Units 6 Date July 1 July 6 July 11 July 14 July 21 July 27 $79 4 5 $85 (al) Your answer is correct. Calculate average cost for each unit (For calculation and answers purpose round unit costs to 2 decimal places, e.g. 15.25.) July 1 74 July 6 74 July 11 e 77.33 July 14 77.34 July 21 82.81 July 27 82.81 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT Atte (a2) XYour answer is incorrect. Try again. 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, e.g. 15.25 and ending inventory values to 0 decimal places, e.g. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system 222 255 1097.77

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