Sheridan Inc. is a retailer operating in British Columbia. Sheridan uses the perpetual inventory system. All sales returns from customers result in the goods being returned to inventory; the inventory is not damaged. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Sheridan Inc. for the month of January 2022. Date Description January 1 Beginning inventory January 5 Purchase January 8 January 10 January 15 January 16 January 20 January 25 (a1) Sale Sale return Purchase Purchase return Sale Purchase Quantity Unit Cost or Selling Price $13 Your Answer Correct Answer (Used) 100 144 111 10 55 5 93 18 16 24 24 18 18 30 20 Calculate the Moving-average cost per unit at January 15 8 10.15 16.20 $ 25

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