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You are provided with the following information for Sheridan Inc. for the month ended June 30, 2019. Sheridan uses the periodic system for inventory. Unit
You are provided with the following information for Sheridan Inc. for the month ended June 30, 2019. Sheridan uses the periodic system for inventory. Unit Cost or Quantity Selling Price Date Description June 1 Beginning inventory 41 $41 June 4 Purchase 137 45 June 10 Sale 108 73 June 11 Sale return 17 73 June 18 Purchase 55 47 June 18 Purchase return 12 47 June 25 Sale 66 78 June 28 Purchase 32 51 Your answer is partially correct Calculate ending inventory.cost of goods sold, gross proft under each of the following methods (1) UFO (2) FIFO (3) Average-cost. Round everage-cost method answers to 2 decimal pieces, es :250.35 and other answers to decimal places, es 1.250. Use vergent cost rounded to decimal places for computations UFO FIFO AVERAGE COST The ending inventory The cost of goods sold 7:33 $ $ 7335.0 Gross profit $ $ $ e Textbook and Media
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