Question

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 New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect. Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit $enter weighted-average cost per unit in dollars eTextbook and Media List of Accounts Incorrect answer iconYour answer is incorrect. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 0 decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory $enter a dollar amount $enter a dollar amount $enter a dollar amount The cost of goods sold $enter a dollar amount $enter a dollar amount $enter a dollar amount Gross profit $enter a dollar amount $enter a dollar amount $enter a dollar amount

Answer 1