Question: Problem 6-6A (Part Level Submission) You are provided with the following information for Sheridan Inc. Sheridan Inc. uses the periodic system of accounting for its

Problem 6-6A (Part Level Submission) You are provided with the following information for Sheridan Inc. Sheridan Inc. uses the periodic system of accounting

Problem 6-6A (Part Level Submission) You are provided with the following information for Sheridan Inc. Sheridan Inc. uses the periodic system of accounting for its inventory transactions. March 1 Beginning inventory 1,965 liters at a cost of 61 per liter. March 3 Purchased 2,490 liters at a cost of 66 per liter. March 5 Sold 2,260 liters for $1.05 per liter. March 10 Purchased 3,865 liters at a cost of 73 per liter. March 20 Purchased 2,585 liters at a cost of 81 per liter. March 30 Sold 5,245 liters for $1.25 per liter

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