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Question 18 Sheridan Company has the following data related to an item of inventory: Inventory,...

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Question 18 Sheridan Company has the following data related to an item of inventory: Inventory, March 1 370 units @ $2.10 Purchase, March 7 1430 units @ $2.20 Purchase, March 16 310 units @ $2.25 Inventory, March 31 570 units The value assigned to cost of goods sold if Sheridan uses FIFO is O $1217. $3403 $3351. $1271

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