The following inventory transactions took place for Sheridan Ltd. for the year Cost/ Selling Date Event Quantity Price Jan 1 opening inventory 20,700 $43.25 Jan 5 sale 5,300 77.75 Feb 15: purchase 36,400 45.95 Mar 10 purchase 10,700 46.75 May 20 sale 44.100 77.75 Aug 22 purchase 15,400 45.25 Sep 12 sale 22.100 77.75 Nov 24 purchase 10,700 50.50 Dec 5 sale 16,700 77.75 Calculate the ending inventory balance for Sheridan Ltd. assuming the company uses a periodic inventory system and the weighted. average cost formula. Also calculate the per-unit cost of the last item sold. (Round weighted average cost and unit costs of next unit to be sold to 2 decimal places, ca. 52.75 and ending inventory to O decimal places, eg 5.275) Ending inventory Unit cost of the last item sold $