View Policies Current Attempt in Progress Sheridan Company uses a perpetual inventory system. The company began 2024 with 1,400 lamps in inventory at a cost of $10 per unit. During 2024 , Sheridan had the following purchases and sales of lamps: All purchases and sales are on account. (a) Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 5.27 and final answers to 0 decimal places, e.g. 5.275.) Sheridan Company uses a perpetual inventory system. The company began 2024 with 1,400 lamps in inventory at a cost of $10 per unit. During 2024, Sheridan had the following purchases and sales of lamps: All purchases and sales are on account. (a) Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 5.27 and final answers to 0 decimal places, e.8. 5,275.)