Question 4 Sheridan Company uses the periodic inventory system and reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 260 $6 35 1,560 12 Purchase 520 9 4,680 23 Purchase 390 11 4,290 30 Inventory 130 Your answer is correct. Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost $- SHOW SOLUTION SHOW ANSWER LINK TO TEXT Your answer is correct. Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to a decimal places, e.g. 1,250.) The ending inventory J .- J The cost of goods sold | snow SOLUTION | | snow ANSWER | | LINK To TEXT | Your answer is partially correct. Try again. Your answer is partially correct. Try again. Will the results in (a) be higher or lower than the results under FIFO and LIFO? a E E Ending inventory is than FIFO 3; and than LIFO $ . E! E! In contrast, cost of goods sold is than FIFO $ and than LIFO $ . Click if you would like to Show Work for this question: Qpen Show Work LINK TO TEXT