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On May 1,2027 , Sheridan Company had beginning inventory consisting of 190 units with a unit cost of $7.30. During May, the company purchased inventory

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On May 1,2027 , Sheridan Company had beginning inventory consisting of 190 units with a unit cost of $7.30. During May, the company purchased inventory as follows: 720 units at $7.30 590 units at $8.30 The company sold 1030 units during the month for $14 per unit. Sheridan uses the average-cost method. Sheridan's gross profit for the month of May is $6371. $6442. $5871. $6496

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