v

anuary 2022 Hination for Sheridan Inc. for the month of Date Description Quantity Unit Cost or Selling Price January 1 100 Beginning inventory Purchase $ 17 January 5 147 20 January 8 Sale 114 30 January 10 Sale return 10 30 January 15 Purchase 55 22 January 16 Purchase return 5 22 January 20 Sale 93 34 January 25 Purchase 22 24 Moving-Average Cost per unit 17.000 January 1 $ 18.785 January 5 January 8 $ 18.785 January 10 $ 18.785 January 15 $ 19.677 January 16 $ $ 19.617 January 20 $ 19.617 January 25 $ $ 20.410 uestion 6 of 6 6.25/25 E For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) UFO. (2) FIFO. (3) Moving average cost. (Round average-cost per unit to 3 decimal places, es 12.502 and final answer to O decimal places, eg. 1.250) LIFO FIFO Moving-average $ Cost of goods sold $ $ Ending inventory $ $ $ $ $ Gross profit $ e Textbook and Media Attempts: 0 of 3 used Submit Awer Save for Later