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Sheridan Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price
Sheridan Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 250 $4.00 $1000 Purchase, 1/15/2022 130 4.50 585 Purchase, 1/28/2022 130 4.60 598 An end of the month (1/31/2022) inventory showed that 200 units were on hand. If the company uses LIFO, what is the value of the ending inventory? O $800 O $1383 O $913 O $874
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