Question: Question # 1 ( 3 parts ) ( a ) Sheridan Company uses a periodic inventory system. For April, when the company sold 4 5

Question #1(3 parts)
(a) Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is
available.
Compute the April 30 inventory and the April cost of goods sold using the LIFO method.
Ending inventory $
Cost of goods sold
$
(b) Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing. Two or more items are omitted in each of the following tabulations of income statement data. Fill in the amounts that are missing.
(c) Blossom Company uses a periodic inventory system. For April, when the company sold 550 units, the following information is
available.
Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
Ending inventory $
Cost of goods sold $
Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available.
\table[[,Units,Unit Cost,Total Cost],[April 1 inventory,280,$17,$4,760
 Question #1(3 parts) (a) Sheridan Company uses a periodic inventory system.

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