Sheridan Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10100 $7.00...

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Sheridan Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10100 $7.00 Purchases: June 18 8300 9.40 November 8 6300 7.25 A physical inventory on December 31 shows 5800 units on hand. Under the FIFO method, the December 31 inventory is Under the FIFO method, the December 31 inventory is valued at O $42050. O $54520. $45675. O $40600. Sheridan Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10100 $7.00 Purchases: June 18 8300 9.40 November 8 6300 7.25 A physical inventory on December 31 shows 5800 units on hand. Under the FIFO method, the December 31 inventory is Under the FIFO method, the December 31 inventory is valued at O $42050. O $54520. $45675. O $40600.