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Sheridan Company uses a perpetual inventory system. The company began 2024 with 900 lamps in inventory at a cost of $13 per unit. During 2024,
Sheridan Company uses a perpetual inventory system. The company began 2024 with 900 lamps in inventory at a cost of $13 per unit. During 2024, Sheridan had the following purchases and sales of lamps: February 15 April 24 June 6 October 18 December 4 (a) Purchased Sold Cost of goods sold Purchased Ending inventory Sold All purchases and sales are on account. Purchased * Your answer is incorrect. Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 5.27 and final answers to 0 decimal places, e.g. 5,275.) $ 1,800 units @ $19 per unit 2,250 units @ $31 per unit 3,150 units @ $24 per unit 1,800 units @ $34 per unit 1,260 units @ $27 per unit LA $ Weighted Average 79875 75645
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