Sheridan Bookstore had 510 units on hand at January 1, costing $8 each. Purchases and sales during the month of January were as follows: Date Purchases Sales Jan. 14 400 @ $15 17 210 @ $12 210 @ $10 25 29 260 @ $17 Sheridan does not maintain perpetual inventory records. According to a physical count, 270 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is: $2820. $2700. $2160. O $3240. A company just starting business made the following four inventory purchases in June: Number of units purchased Date Total cost June 1 180 units $ 380 June 10 240 units 600 June 15 240 units 610 June 28 200 units 490 $2080 A physical count of merchandise inventory on June 30 reveals that there are 410 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is $1005. $811. $955. $1075. Coronado Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Per Unit Price Total $1140 190 $6 Balance, 1/1/20 Purchase, 1/15/20 Purchase, 1/28/20 120 5.40 648 120 5.60 672 An end of the month (1/31/20) inventory showed that 200 units were on hand. If the company uses FIFO, what is the value of the ending inventory? $1320 $1092 $1104 $1200