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Sheridan Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $410 each. On January
Sheridan Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 3 sets at $410 each. On January 10, Sheridan purchased 6 units at $480 each. The company sold 2 units on January 8 and 5 units on January 15.
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