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. Mar. 15 July 20 400 units 220 units at at $24 $28 Sept. 4 Dec. 2 300 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 41815 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