Question: Show Attempt History Current Attempt in Progress Inventory data for Sheffield Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1

Show Attempt History Current Attempt in Progress
Show Attempt History Current Attempt in Progress Inventory data for Sheffield Company are reported as follows. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $6 $900 12 Purchase 350 7 2,450 23 Purchase 270 2,160 30 Inventory 110 Assume a sale of 380 units occurred on June 15 for a selling price of $8 and a sale of 280 units on June 27 for $9. (a1) Your answer is correct. Calculate cost of goods available for sale. The cost of goods available for sale $ 5510 eTextbook and Media Assistance Used Attempts: 1 of 3 used (a2) Your Answer Correct Answer Your answer is partially correct. Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.) June 1 June 12 June 15 $ 6.7 June 23 June 27 $ 7.6 e Textbook and Media Assistance Used Solution Attempts: 3 of 3 used (a3) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to O decimal places, e.g. 1,250.) FIFO LIFO Moving-Average Cost The cost ending inventory $ $ $ The cost of goods sold $ $ $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit

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