Sheridan Company had the following transactions for the month of June: Sales 2460 @ $5.70 6490@...

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Sheridan Company had the following transactions for the month of June: Sales 2460 @ $5.70 6490@ 5.70 5.70 7.00 June 1 3 7 نیا 15 22 Purchases (balance) 3290@ $3.10 8740 @ 3.00 4830@ 3.20 3.30 3.40 7260 @ 2020 @ June 2 6 9 10 18 25 4080 @ 1680@ 5610 @ 830@ 7.00 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, is (Round average cost per unit to 2 decimal places, e.g. 1.48.) Sheridan Company had the following transactions for the month of June: Sales 2460 @ $5.70 6490@ 5.70 5.70 7.00 June 1 3 7 نیا 15 22 Purchases (balance) 3290@ $3.10 8740 @ 3.00 4830@ 3.20 3.30 3.40 7260 @ 2020 @ June 2 6 9 10 18 25 4080 @ 1680@ 5610 @ 830@ 7.00 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, is (Round average cost per unit to 2 decimal places, e.g. 1.48.)

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To calculate the ending inventory on an averagecost basis we need to find the weighted average cost ... View the full answer