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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 $720 each. On January 10

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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 $720 each. On January 10 , Sheridan purchased 6 units at $790 each. The company sold 2 units on January 8 and 5 units on January 15 . (a) Compute the ending inventory under FIFO

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