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Find the value of Sheridan Company inventory at May

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Question - At May 1, 2022, Sheridan Company had beginning inventory consisting of 250 units with a unit cost of $6. During May, the company purchased inventory as follows:

500 units at $6

760 units at $7

The company sold 1260 units during the month for $10 per unit. Sheridan Company uses the average cost method. Find the value of Sheridan Company's inventory at May 31, 2022?

Reference no: EM132741736

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