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Sheridan Company uses a periodic inventory system and reports the following for the month of June. Unit Cost $5 Total Cost Date June 1 12

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Sheridan Company uses a periodic inventory system and reports the following for the month of June. Unit Cost $5 Total Cost Date June 1 12 23 30 Explanation Inventory Purchase Purchase Inventory Units 130 360 220 223 6 $ 650 2.160 1.540 7 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.3. 15.647 and final answers to O decimal places, e.g. 5,125.) FIFO LIFO Average cost Cost of the ending inventory $ $ $ Cost of goods sold $ $ $ eTextbook and Media

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