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Sheridan Treatment Plus uses the periodic inventory system. All purchases and sales are on account. The accounting records show the following data: Beginning inventory, June
Sheridan Treatment Plus uses the periodic inventory system. All purchases and sales are on account. The accounting records show the following data: Beginning inventory, June 1 5900 units at $5.70 Purchases, June 13 8900 units at $8.10 Sales, June 25 $133200 The physical inventory count at June 30 showed 4300 units on hand. Assuming the company uses weighted average, calculate the ending inventory. (Round intermediate calculation to 1 decimal place, e.g. 15.5.) $34830 $30530 $28810 $24510
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