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Sheridan Company's inventory records show the following data: A physical inventory on December 31 shows 5500 units on hand. Under the FIFO method, the December

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Sheridan Company's inventory records show the following data: A physical inventory on December 31 shows 5500 units on hand. Under the FIFO method, the December 31 inventory is Under the FIFO method, the December 31 inventory is valued at $46055.$41525$38500.$50600

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