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Sheridan Company is a retailer operating in Calgary, Alberta. Sheridan uses the perpetual inventory method. Assume that there are no credit transactions, all amounts are
Sheridan Company is a retailer operating in Calgary, Alberta. Sheridan uses the perpetual inventory method. Assume that there are no credit transactions, all amounts are settled in cash. You are provided with the following information for Sheridan for the month of January 2022. Date Description Quantity Unit Cost or Selling Price Dec. 31 Ending inventory 160 Jan.2 Purchase Jan. 6 Sale Jan. 9 Purchase Jan. 10 Sale Jan. 23 Purchase Jan. 30 Sale - Your answer is partially correct. Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.) Jan. 1 to 20 21.630 $ $ 21.630 Jan.2 Jan.6 Jan. 9 Jan. 10 Jan. 23 23.815 $ $ $ 23.815 26.206 Jan. 30 $ 26.206 Activa
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