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The accounting records of Sheridan Ag. Implements shows the following data. Determine the cost of goods sold during the period under a periodic system using

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The accounting records of Sheridan Ag. Implements shows the following data. Determine the cost of goods sold during the period under a periodic system using FIFO. Step 1 Ending Inventory Step 2 Cost of Goods Sold Cost of goods available for sale \$ Less: Ending imventory Cost of goods sold $ Units Unit Cost Beginning inventory Purchases Total units available for sale Less: Units sold Ending inventory Cost of goods available for sale Total Cost $ Step 1 Ending Imventory Step 2 Cost of Goods Sold

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