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You have the following information for Sheridan Company for the month ended October 31, 2017. Sheridan Company uses a periodic method for inventory. Date Description

You have the following information for Sheridan Company for the month ended October 31, 2017. Sheridan Company uses a periodic method for inventory.

Date

Description

Units

Unit Cost or Selling Price

Oct. 1 Beginning inventory 59 $26
Oct. 9 Purchase 113 28
Oct. 11 Sale 103 35
Oct. 17 Purchase 103 29
Oct. 22 Sale 56 40
Oct. 25 Purchase 75 31
Oct. 29 Sale 102 40

Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.)

Weighted-average cost per unit

$enter the weighted-average cost per unit in dollars rounded to 3 decimal places

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