Assume that Sheridan Company has the following transactions in its first month of operations. Date Feb. 1 Feb. 10 Feb. 21 Purchases 2,100 @ $4 6,300 @ $4.40 Feb. 28 2,100 @ $4.75 Cost of goods sold $ Sold Ending inventory $ 4,200 units Balance Moving-Average 2,100 units 8,400 units Compute cost of goods sold and ending inventory at February 28, assuming that Sheridan uses a perpetual inventory system and the moving-average cost flow assumption. (Round unit costs to 3 decimal places, e.g. 4.253 and final anwers to 0 decimal places, e.g. 1,235.) 4,200 units 6,300 units

Assume that Sheridan Company has the following transactions in its first month of operations. Date: Purchases Sold Balance Feb 1 2,100 $4 2,100 units Feb 10 6,300 $4,40 8,400 units Feb 21 4.200 units 4,200 units Feb. 28 2.100 $4.75 6.300 units Compute cost of goods sold and ending inventory at February 28, assuming that Sheridan uses a perpetual inventory system and the moving-average cost flow assumption (Round unit costs to 3 decimal places, eg. 4.253 and final anwers to O decimal places, es. 1.235) Moving Average Cost of goods sold $ Ending inventory $