Sheridan Company uses a periodic inventory system and reports the following for the month of June.

$($a$1)$

Correct Answer

Your answer is correct.

Calculate weighted$-$average unit cost. $($Round answer to $3$ decimal places, e$.$g$.5\mathrm{.}125.)$

Weighted$-$average unit cost

eTextbook and Media

Solution

Attempts: $2$ of $2$ used

$($a$2)$

$8$ Your answer is incorrect.

Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average$-$cost$.($Round

answers to $0$ decimal places, e$.$g$.125.)$

FIFO

$

$

$

LIFO

Average$-$cost

$

$