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please show work You have the following information for Sheridan Inc. for the month ended October 31, 2022. Sheridan uses a periodic method for inventory.
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You have the following information for Sheridan Inc. for the month ended October 31, 2022. Sheridan uses a periodic method for inventory. Date Oct 1 Oct. 9 Oct 11 Oct 17 Oct 22 Oct. 25 Oct 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Units 60 119 94 102 59 67 110 Unit Cost or Selling Price $26 28 36 29 41 31 (21) Your Answer Correct Answer (Used) Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125) 5 28.526 Weighted-everage cost per unit (2) Calculate ending inventory.cost of goods sold, gross profit under each of the following methods. (1) LIFO 2) FIFO (3) Average-cost. (Round per unit cost to 3 decimal places, e.g. 15,647 and final answers to 0 decimal places, eg 5.125.) FIFO AVERAGE-COST LIFO $ S The ending inventory The cos: of goods 5 S 3 Gross profit S $ Step by Step Solution
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