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  3. sheridan ltd. began the month of march with 640 un

Sheridan Ltd. began the month of March with 640 units in inventory with a total...

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Accounting

Sheridan Ltd. began the month of March with 640 units in inventory with a total cost of $1,600. The company uses a
perpetual inventory system and had the following transactions during the month of March:
Determine Sheridan's cost of goods available for sale for March.
Cost of goods available for sale
Determine the cost of goods sold for the month of March and the value of inventory at the end of the month
assuming Sheridan Ltd. uses the weighted-average cost flow assumption. (Round calculations for cost per
unit to 2 decimal places, e.g.10.51 and final answers to 0 decimal places, e.g.61,053.)
Cost of goods sold
$
Value of ending inventory
$
Determine the cost of goods sold for the month of March and the value of inventory at the end of the month
assuming that Sheridan Ltd. uses the first-in, first-out cost flow assumption. (Round answers to 0 decimal
places, e.g.125.)
Cost of goods sold
$
Value of ending inventory
$
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