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Sheridan Company recorded the following data pertaining to raw material X during January 2020: Received Date 1/1/20 1/11/20 1/22/20 Inventory Issue Purchase Units Cost Issued

Sheridan Company recorded the following data pertaining to raw material X during January 2020: Received Date 1/1/20 1/11/20 1/22/20 Inventory Issue Purchase Units Cost Issued $2.00 1590 $2.35 On Hand 3160 1570 5590 4020 The moving-average unit cost of X inventory at January 31, 2020 is

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