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please help Sheridan Inc. is a retailer operating in British Columbia. Sheridan uses the perpetual inventory system. All sales returns from customers result in the
please help Sheridan Inc. is a retailer operating in British Columbia. Sheridan uses the perpetual inventory system. All sales returns from customers result in the goods being returned to imventory: the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided With the following information for Sheridan Inc. for the month of January 2022. Calculate the Moving-average cost per unit at January 1,5,8,10,15,16,20, \&.25. (Round movins owerage cost per unit answers to 3 decinal places, es. 5.251.) For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Movinis-average cost. (Round average-cost per unit to 3 decimal places, es. 12.502 and final answer to 0 decimal places, eg- 1,250.)
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