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Homework: Chapter 6 Homework Save Score: 1.67 of 5 pts 4 4 of 4 (4 complete) HW Score: 83.33%, 16.67 of 20 pts W E6-19A (similar to) Question Help O Sherwood Company's inventory records for the most recent year contain the following data: E: (Click the icon to view the data.) ) Sherwood Company sold a total of 19,200 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 $ 144,000 and the ending inventory is $ 36,000 Requirement 2. Using the FIFO method, compute the cost of goods sold and ending inventory for the year. Using the FIFO method, the cost of goods sold is $ 148800 and the ending inventory is $ Data Table * Requirements Beginning inventory Purchases during year Quantity Unit Cost 6,000 S 6.00 18,000 $ 8.00 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 Print Done Print Done Enter any number in the edit fields and then click Check Answer. 1 part remaining Clear All Check

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