Question: could you please help answer part (a2) Current Attempt in Progress You have the following information for Windsor Inc for the month ended October 31,


Current Attempt in Progress You have the following information for Windsor Inc for the month ended October 31, 2022. Windsor uses a periodic method for inventory Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 55 $23 Oct. 9 Purchase 113 25 Oct. 11 Sale 106 32 Oct. 17 Purchase 107 26 Oct 22 Sale 62 37 Oct. 25 Purchase 75 28 Oct 29 Sale 103 37 Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per unit $ 25.634 e Textbook and Media Assistance Used List of Accounts Attempts: 4 of 5 used Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO (2) FIFO (3) Average-cost. (Round per unit cost to 3 decimal places, eg. 15.647 and final answers to O decimal places, eg. 5,125.) LIFO FIFO AVERAGE-COST The ending inventory $ 1865 $ $ 7087 The cost of goods sold $ 7107 $ $ 1885 Gross profit $ $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
