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Sheridan Company Inc. had a beginning inventory of 110 units of Product RST at a cost of $9 per unit. During the year, purchases

Sheridan Company Inc. had a beginning inventory of 110 units of Product RST at a cost of $9 per unit. During the year, purchases were: Feb. 20 680 units at $10 Aug. 12 441 units at $12 May 5 571 units at $11 Dec. 8 110 units at $13 Sheridan Company uses a periodic inventory system. Sales totaled 1,520 units.

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