View Policies Current Attempt in Progress Sheridan Company uses a periodic inventory system. Its records show the following for the month of April, with 23 units on hand at April 30: Unit Cost Units Total Cost $240 500 April 1 Inventory 30 $8 12 Purchases 50 10 16 Purchases 15 11 165 Total 95 905 Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas. (Round the weighted average cost per unit to 2 decimal places, eg. 52.75 and final answers to decimal places, eg. 5,275.) FIFO Weighted average Ending Inventory $ $ Cost of Goods Sold $ $ Prove the cost of goods sold calculations. (Round the average cost per unit to 2 decimal places, eg. 52.75 and final answers to o decimal places, eg. 5,275.) Check of Cost of Goods Sold (FIFO): Units Unit Cost Total Cost Apr. 1 $ $ Apr 12 $ Weighted Average Check of Cost of Goods Sold: x$ per unit - $ Save for Later Attempts: 0 of 2 used Submit