Question: Current Attempt in Progress Cullumber Inc. uses the FIFO cost formula in a perpetual inventory system. The cost of goods sold for the July 9

Current Attempt in Progress Cullumber Inc. uses the FIFO cost formula in a perpetual inventory system. The cost of goods sold for the July 9 sale was \\( \\$ 802 \\). \\( \\$ 700 \\). \\( \\$ 826 \\). \\( \\$ 728 \\). Sheridan Inc. uses the average cost formula in a perpetual inventory system. (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.) Sheridan Inc has an ending inventory on June 30 of \\( \\$ 1705.75 \\) \\( \\$ 1782.75 \\). \\( \\$ 1824.00 \\). \\( \\$ 1761.50 \\)
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