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Sheridan Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 476 units that cos $61 each. During the
Sheridan Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 476 units that cos $61 each. During the month, the company made two purchases: 718 units at $64 each and 356 units at $66 each. Sheridan Company also sold 1204 units during the month. Using the average cost method, what is the amount of ending inventory? (Round average cost per unit to 2 decimal places, e.g. 21.48.) $21985. O $22836. O $75648. O $76502.
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