Question
Sheridan Company's inventory records show the following data: Units Unit Cost Inventory: January 1 10400 $8.80 Purchases: June 18 9500 7.00 November 8 5800 8.00
Sheridan Company's inventory records show the following data:
| Units | Unit Cost | ||
| Inventory: | January 1 | 10400 | $8.80 |
| Purchases: | June 18 | 9500 | 7.00 |
| November 8 | 5800 | 8.00 |
A physical inventory on December 31 shows 4500 units on hand. Sheridan sells the units for $13 each. Sheridan uses the periodic inventory method. What is the cost of goods available for sale?
$172920
$168420
$204420
$164820
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Finance For Non-Finance Executives
Authors: Anurag Singal
1st Edition
1952538327, 9781952538322
