Current Attempt in Progress

Sheridan Inc. uses the average cost formula in a perpetual inventory system.

$\backslash$table$[[$June $1,$Beginning inventory,$38$ units @ $$19$ per unit$],[$June $5,$Jurchase,$82$ units @ $$22$ per unit$],[$June $8,$Sale,$70$ units$],[$June $9,$Purchase,$80$ units @ $22\mathrm{.}35$ per unit$],[$June $10,$Sale,$25$ units$],[$June $22,$Sale,$40$ units$]]$

The cost of goods sold for the June $10$ sale is

$$842\mathrm{.}00.$

$$539\mathrm{.}25.$

$$558\mathrm{.}75.$

$$546\mathrm{.}25.$