The following inventory transactions took place for Sheridan Corporation for the month of May: Date May 1 May 5 May 10 May 15 May 20 May 22 May 24 May 25 Event Beginning Inventory Purchase Purchase Sale Sale Purchase Purchase Sale Quantity O $19355. O $16788. O $18755. $18170. 950 5950 1950 2950 1950 4950 1950 6900 Cost/Selling Price $4.70 4.25 4.90 7.15 7.15 4.60 4.90 7.15 The ending inventory balance for Sheridan Corporation, assuming the company uses a perpetual in out (FIFO) cost formula is

The following inventory transactions took place for Sheridan Corporation for the month of May: The ending inventory balance for Sheridan Corporation, assuming the company uses a perpetual in out (FIFO) cost formula is $19355. $16788. $18755. $18170. The ending inventory balance for Sheridan Corporation, assuming the company uses a perpetual inventory system, and a first-in, firstout (FIFO) cost formula is $19355. $16788. $18755. $18170