You have the following information for Sheridan Inc. SheridanInc. uses the periodic method of accounting for its inventorytransactions. March March March March March March 1 Beginninginventory 2,10 Specific identification \( \$ \) FIFO \( \$ \) LIFO \( \$ \)Income Statement (partial) Gross profit/ ( Loss) Ending inventory Cost of goods available for sale Purchases Beginning inventory Cost 1 answer