Question

Sherman Company's inventory records for the most recent year contain the following data EEB (Click the icon to view the data ) Sherman Company sold a total of 18,500 units during the year Read the tequirements e year (Round the average cost per unit to the nearest cent) Using the average-cost method, the cost of goods sold is 12 830 and the ending nventory is s 10.770 Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year Using the FIFO mothod,the cost of goods sold is and the ending inventory is s Requirement 3.Using the LIFO method, compute the cost of goods sold and ending inventory for the year Using the LIFO method,the cost of goods sold is and the ending inventory is s Data Table Quantity Unit Cost 6000 600 Purchases during year 14,000 S 1000 Begihning inventory Print Done

Answer 1