You have the following information for Sheridan Company for the month ended October 31, 2022. Sheridan uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 55 $24 Oct. 9 Purchase 140 26 Oct. 11 Sale 90 45 Oct. 17 Purchase 90 27 Oct. 22 Sale 55 50 Oct. 25 Purchase 65 29 Oct. 29 Sale 100 50