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Current Attempt in Prozress The following information ralates to Sheridan Ltd.'s imentory
transactions during the month of Julye All of the units sold were priced at $20 per unit. (31)
Sheridan Ltd. uses the perpetual inwentory system. Caleulate Sharidan' coct of goods sold, gross
margin, and anding inwentory for the month of July using FIFO.

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