B Sheridan Company uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 (a) Explanation Units Inventory Purchase Purchase Inventory 130 360 Cost of goods sold 220 223 Cost of the ending inventory $ Unit Cost $ $5 6 7 Total Cost Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.) FIFO $650 2,160 1,540 $ $ LIFO $ $ Average-cost

Sheridan Company vises a periodic inventory system and reports the following for the month of June. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO and average-cost. (Round per unit cost to 3 decimal places, e3. 15.647 and final answers to 0 decimal places, eg. 5.125.)