### Inventory Information for Sheridan Inc. - October 2025 Sheridan Inc. uses a periodic inventory system. The following data is provided for the month ended October 31, 2025: | Date | Description | Units | Unit Cost or Selling Price | |------------|--------------------|-------|----------------------------| | Oct. 1 | Beginning inventory| 65 | $22 | | Oct. 9 | Purchase | 130 | $24 | | Oct. 11 | Sale | 95 | $45 | | Oct. 17 | Purchase | 95 | $25 | | Oct. 22 | Sale | 65 | $50 | | Oct. 25 | Purchase | 75 | $27 | | Oct. 29 | Sale | 105 | $50 | ### Weighted-Average Cost Calculation The task is to calculate the weighted-average cost per unit. Ensure to round the answer to three decimal places (e.g., 5.125). **Weighted-average cost per unit:** - Input the calculated value here: `$________` ### Calculating Ending Inventory, Cost of Goods Sold, and Gross Profit Perform calculations for each of the following methods with the resulting values being rounded to zero decimal places (e.g., 125): 1. LIFO (Last In, First Out) 2. FIFO (First In, First Out) 3. Average-cost #### Table for Input | Method | Ending Inventory | Cost of Goods Sold | Gross Profit | |--------------|------------------|--------------------|--------------| | LIFO | $ | $ | $ | | FIFO | $ | $ | $ | | Average-Cost | $ | $ | $ | Use these methodologies to determine financial metrics, which are crucial for accurate financial reporting and decision-making. Make sure to enter the appropriate amounts for each method in the designated spaces.