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Sheridan Company is a retaller operating in Calgary, Alberta. Sherldan uses the perpetual Inventory method. Assume that there are no credit transactions:all amounts are settled
Sheridan Company is a retaller operating in Calgary, Alberta. Sherldan 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 Unit Cost or Selling Price $20 24 Date Dec 31 Jan. 2 Jan. 6 Jan. 9 Jan. 10 Jan. 23 Jan. 30 Description Ending Inventory Purchase Sale Purchase Sale Purchase Sale Quantity 160 110 200 70 65 100 110 26 47 28 48 (a1) Calculate average cost for each unit (Round answers to 3 decimal places, eg. 5.125.) Jan 1 $ Jan 2 $ Jan 6 $ Jan. 9 Jan. 10 $ $ $ $ Jan. 23 Jan. 30
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