Question 2 of 5 Sheridan Company uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Units Unit Cost Inventory Purchase Purchase Inventory r Cost of goods sold 114 eTextbook and Media 456 285 265 Cost of the ending inventory $ tA $4 $ 6 8 (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost. (For calculation purposes, round average cost per unit to 2 decimal places, e.g. 5.25. Round answers to 0 decimal places, e.g. 125.) Total Cost FIFO $456 2,736 2,280 tA $ tA $ LIFO $ LA 0/5 E $ Average-Cost SUPPORT

Sheridan Company uses a periodic inventory system and reports the following for the month of June. (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost. (For calculation purposes, round average cost per unit to 2 decimal places, es. 5.25. Round answers to 0 decimal places, eg. 125)