Sheridan Supply performed the following transactions during the month of April 2018. Assume that Sheridan Supply uses a perpetual inventory. Sheridan Supply Inventory Transactions April 2018 Date Transaction Units 4/1 Beginning inventory 600 4/10 Sold units 400 4/11 Purchased units 1,600 4/15 Sold units 1,000 4/20 Purchased units 1,000 4/27 Sold units 600 Each unit $ 5.00 $ 12.00 $ 6.00 $ 12.50 $ 6.50 $ 13.50 Discuss the financial statement impact of the inventory costing method chosen. 4. Write a couple of paragraphs on what inventory costing method you would choose if you were the controller of Sheridan Supply and why. Be sure to explain your reasoning