Sheffield Corporation uses a perpetual inventory system. On November 19, the company sold 620 units....
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Sheffield Corporation uses a perpetual inventory system. On November 19, the company sold 620 units. The following additional information is available: Units Unit Cost Total Cost Nov. 1 inventory 300 $13 $3,900 Nov. 15 purchase 450 15 6,750 Nov. 23 purchase 380 16 6,080 1,130 $16,730 Calculate the November 30 inventory and the November cost of goods sold, using the moving-average cast formula. (Round unit cost to 2 decimal places, eg. 52.75 and final answers to 0 decimal ploces. e.8. 5,275.)
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