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Sheffield Company had 100 units in beginning inventory at a total cost of $12,000. The company purchased 200 units at a total cost of $30,000. At the end of the year, Sheffield had 71 units in ending inventory.
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 0 decimal places, e. g. 1,250.)
Answers: 1
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Sheffield Company had 100 units in beginning inventory at a total cost of $12,000. The company purch...
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