Sheridan Company has the following inventory data: July 1 Beginning inventory 25 units at $20 $500 7 Purchases 141 units at $24 3384 22 Purchases 24 units at $25 600 $4484 A physical count of merchandise inventory on July 30 reveals that there are 41 units on hand. Using the average cost method, the value of ending inventory is $968. $1008. $1025. $984.

Sheridan Company has the following inventory data: July 1 7 22 Beginning inventory Purchases Purchases 25 units at $20 141 units at $24 24 units at $25 $500 3384 600 $4484 A physical count of merchandise inventory on July 30 reveals that there are 41 units on hand. Using the average cost method, the value of ending inventory is $968. $1008. $1025. $984