Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Sheridan Company uses a periodic inventory system

Sheridan Company uses a periodic inventory system

Finance

Sheridan Company uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:

Units Per unit price Total

Balance, 1/1/2022 250 $4.00 $1000

Purchase, 1/15/2022 130 ..4.50 585

Purchase, 1/28/2022 130 ..4.60 598

An end of the month (1/31/2022) inventory showed that 200 units were on hand. If the company uses LIFO, what is the value of the ending inventory?

Option 1

Low Cost Option
Download this past answer in few clicks

2.96 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE