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Sheridan uses the periodic inventory system. For the current month, the beginning inventory consisted of 7200 units that cost $13.00 each. During the month, the
Sheridan uses the periodic inventory system. For the current month, the beginning inventory consisted of 7200 units that cost $13.00 each. During the month, the company made two purchases: 3100 units at $14.00 each and 12200 units at $14.50 each. Sheridan also sold 13100 units during the month. Using the LIFO method, what is the ending inventory? $136300. $131130. O $122200. O $124400
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
978-1119502425
