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Sheridan Company uses a periodic inventory system and reports the following for the month of June. Unit Cost Total Cost Date Explanation Units June 1
Sheridan Company uses a periodic inventory system and reports the following for the month of June. Unit Cost Total Cost Date Explanation Units June 1 Inventory 130 $5 $650 12 Purchase 360 6 2.160 23 Purchase 220 7 1,540 30 Inventory 223 (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.g. 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 $ $ $
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