Sheridan has the following inventory data: July 1 Beginning inventory Purchases 5 14 Sale 25 units at $ 50 151 units at $ 47 101 units 76 units at $ 49 71 units 21 Purchases 30 Sale Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July? (Round intermediate calculations to 3 decimal places, eg. 12.531.) $ 3925 $ 3169 O $3901 O $3857 Sunland Company has the following inventory data: July 1 $ 522 7 Beginning inventory Purchases Purchases 29 units at $18 101 units at $ 19 14 units at $ 21 1919 22 294 $ 2735 A physical count of merchandise inventory on July 30 reveals that there are 46 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is O $828. O $ 874 O $ 845. O $966. Whispering Winds Corp. had the following inventory transactions occur during 2022: Units Cost/unit Feb. 1.2022 Purchase 99 $ 41 Mar. 14.2022 Purchase 171 $43 May 1, 2022 Purchase 121 $ 45 The company sold 282 units at $ 58 each and has a tax rate of 30%. Assuming that a periodic inventory system is used, what is the company's gross profit using FIFO? $3988 $ 11952 $4404 $12368 The following information was available for Vaughn Manufacturing at December 31, 2022: beginning inventory $87000; ending inventory $116000; cost of goods sold $676000; and sales $984000. Vaughn inventory turnover ratio in 2022 was 7.8 times. 9.7 times. 5.8 times. 6.7 times