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Sheffield Company had a beginning inventory on January 1 of 1 6 0 units of Product 4 - 1 8 - 1 5 at a

Sheffield Company had a beginning inventory on January 1 of 160 units of Product 4-18-15 at a cost of $20 per unit. During the year, purchases were as follows. Mar. 15 July 20400 units 220 units at at $24 $28 Sept. 4 Dec. 2300 units 100 units at $33 $30 at Sheridan Company uses a periodic inventory system. Sales totaled 975 units. Sheridan Company had a beginning inventory on January 1 of 160 units of Product \(4-18-15\) at a cost of \(\$ 20\) per unit. During the year. purchases were as follows. Sheridan Company uses a periodic inventory system. Sales totaled 975 units.

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