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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

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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 settled in cash. You are provided with the following information for Sheridan for the month of January 2022 Date Quantity Unit Cost or Selling Price Dec. 31 Description Ending inventory Purchase 160 $20 Jan. 2 110 24 Jan. 6 Sale 200 43 Jan. 9 Purchase 70 26 Jan. 10 Sale 65 47 Jan, 23 Purchase 100 28 Jan. 30 Sale 110 48 a1 (1) * Your answer is incorrect. Calculate average cost for each unit. (Round answers to 3 decimal places. e.3. 5.125.) Jan. 1 $ Jan. 2 $ $ Jan 6 $ Jan. 9 $ Jan. 10 $ Jan 23 $ Jan. 30 $

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