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Sheridan Co. has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 410 units $1.90 1390 units @$2.00
Sheridan Co. has the following data related to an item of inventory: Inventory, March 1 Purchase, March 7 410 units $1.90 1390 units @$2.00 Purchase, March 16 240 units @$2.05 Inventory, March 31 540 units The value assigned to ending inventdy if Sheridan uses a LIFO periodic inventory system is O $1026. O $1096. O $1039. O $1105.
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