Sheridan Company uses the periodic inventory system and reports the following for the month of June Units Unit Cost Total Cost $1,560 260 une 1 Inventory $6 520 4,680 12 Purchase 390 4,290 23 Purchase Inventory 130 30 X Your answer is incorrect. Try again Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost Your answer is incorrect. Try again Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to O decimal places, e.g. 1,250.) The ending inventory The cost of goods sold