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In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 145 units at $9.(2)$60 units at $10,
In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 145 units at $9.(2)$60 units at $10, and (3) 135 units at $11. Assuming there are 200 units on hand, compute the cost of the ending inventory under the average-cost method. (Round answer to 0 decimal places, e.s. 1,250.) The cost of the ending inventory
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