Homework: Homework - Chapter 6 Save Score: 0 of 1 pt 3 of 6 (2...
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Homework: Homework - Chapter 6 Save Score: 0 of 1 pt 3 of 6 (2 complete) HW Score: 33.33%, 2 of 6 pts E6-19A (similar to) Question Help Sherman Company's inventory records for the most recent year contain the following data: (Click the icon to view the data.) Sherman Company sold a total of 19,600 units during the year. Read the requirements. Requirement 1. Using the average cost method, compute the cost of goods sold and ending inventory for the year. (Round the average cost per unit to the nearest cent) Using the average-cost method, the cost of goods sold is $ and the ending inventory is $ . i Requirements - X i Data Table 1. Using the average cost method, compute the cost of goods sold and ending inventory for the year. 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year 3. Using the LIFO method, compute the cost of goods sold and ending inventory for the year. Beginning inventory Purchases during year Quantity 2,000 18,000 Unit Cost $ 8.00 $ 10.00 Print Done Print Done
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