Sheridan Company had a beginning inventory of 125 units of Product RST at a cost of $8 per unit. During the year, purchases were: Feb. 20 630 units at $9 Aug. 12 440 units at $11 May 5 580 units at $10 Dec. 8 125 units at $12 Sheridan uses a periodic inventory system. Sales totaled 1,550 units. Correct answer. Your answer is correct. Determine the cost of goods available for sale.

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve.has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve.is a lower opportunity cost producer of the good.