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Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost

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Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost April 1 inventory April 15 purchase April 23 purchase 280 420 300 1,000 $17 20 22 $ 4,760 8,400 6,600 $19,760 Compute the April 30 inventory and the April cost of goods sold using the FIFO method. X Ending inventory P IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII RIR Cost of goods sold

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