Current Attempt in Progress Sheridan Corp. uses a periodic inventory system. Jul 1 7 Beginning inventory Purchases 22 Purchases $1892. $561. $528. $1606. 11 units @ $19 75 units @ $22 11 units @ $25 Save for Later $209 1650 275 A physical count of merchandise inventory on July 31 shows that 24 units are on hand. Under the average cost method, cost of goods sold for July was $2134 Attempts: 0 of 1 used Submit Answer

Sheridan Corp. uses a periodic inventory system. A physical count of merchandise inventory on July 31 shows that 24 units are on hand. Under the average cost method, cost of goods sold for July was $1892. $561 $528. $1606