In its first month of operations. Sheridan Company made three purchases of merchandise in the following sequence: (1) 330 units at $8.(2) 440 units at $9 and (3) 230 units at $10, Calculate the average unit cost. (Round answer to 2 decimal places, es 15.25.) Average unit cost $ eTextbook and Media Compute the cost of the ending inventory under the average-cost method, assuming there are 360 units on hand (Round answer to O decimal places, eg 1.250) The cost of the ending inventory 5 eTextbook and Media In its first month of operations, Sheridan Company made three purchases of merchandise in the following sequence: (1) 300 units at $8.(2) 480 units at $9, and (3) 250 units at $10. Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method Sheridan uses a periodic inventory system. LIFO Cost of the ending inventory FIFO $ eTextbook and Media Save for at Attempts: unlimited Submit Answer Sheridan Company took a physical inventory on December 31 and determined that goods costing $220,000 were on hand. Not included in the physical count were $22,000 of goods purchased from Pelzer Corporation FOB shipping point, and $19,500 of goods sold to Alvarez Company for $27.500 FOB destination. Both the Pelzer purchase and the Alvarez sale were in transit at year- end. What amount should Sheridan report as its December 31 inventory? Sheridan ending Inventory s e Textbook and Media Svetorter Attempts: unlimited Submit Answer