Wave-induced sheet flow leads to intense sediment transport. Fine sand and medium/coarse sand exhibit opposite directions of net sediment transport under velocity-skewed oscillatory sheet flows. A newly developed two-phase mixture model is employed to simulate the sediment transport under these conditions. The model accounts for particle stress, two-phase momentum exchange, and turbulence modulation. The effects of grain size on flow characteristics and sediment transport are primarily investigated. The model effectively reproduces the spatial and temporal distributions of two-phase velocities and sediment concentration as well as the periodic distribution of erosion depth. Comparisons between configurations with medium and fine sand demonstrate that the grain size impacts sediment transport in two main ways. First, the grain size influences the periodic variations in erosion depth and the quantity of suspended sediment. A decrease in the grain size increases the phase residual and phase lag, enhancing offshore sediment transport. Second, suspended sediments modulate the flow dynamics within the oscillatory boundary layer. Through the mobile bed effect and density stratification, the grain size affects two-phase velocities, turbulence, and net sediment transport.