June 1 June 5 June 8 June 9 June 10 Beginning inventory urchase Sale Purchase Sale 38 units @ $19 per 82 units @ $22 per unit 70 units 80 units @ 22.35 per unit 25 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sheridan Inc. uses the average cost formula in a perpetual inventory system.
June 1
June 5
June 8
June 9
June 10
June 22
Beginning inventory
urchase
Sale
Purchase
Sale
Sale
38 units @ $19 per unit
82 units @ $22 per unit
O $842.00.
O $539.25.
O $558.75.
O $546.25.
70 units
80 units @ 22.35 per unit
25 units
40 units
The cost of goods sold for the June 10 sale is
Transcribed Image Text:Current Attempt in Progress Sheridan Inc. uses the average cost formula in a perpetual inventory system. June 1 June 5 June 8 June 9 June 10 June 22 Beginning inventory urchase Sale Purchase Sale Sale 38 units @ $19 per unit 82 units @ $22 per unit O $842.00. O $539.25. O $558.75. O $546.25. 70 units 80 units @ 22.35 per unit 25 units 40 units The cost of goods sold for the June 10 sale is
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