Whispering Winds Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was...
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Whispering Winds Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory on December 10, 2022, at a cost of $25 per unit. None of this inventory was sold in 2022. Relevant information for fiscal 2023 is as follows: Ending inventory units: Dec. 31, 2022 Dec. 31, 2023, by purchase date Dec. 2, 2023 July 20, 2023 130 130 32 162 During 2023, the following purchases and sales were made: Purchases Sales Mar. 15 360 units at $25 Apr. 10 240 July 20 360 units at $26 Aug. 20 300 Sept. 4 240 units at $29 Nov. 18 190 Dec. 2 130 units at $32 Dec. 12 328 The company uses the periodic inventory method. (a1) Determine ending inventory under specific identification. Ending inventory $ Whispering Winds Corporation began operations on December 1, 2022. The only inventory transaction in 2022 was the purchase of inventory on December 10, 2022, at a cost of $25 per unit. None of this inventory was sold in 2022. Relevant information for fiscal 2023 is as follows: Ending inventory units: Dec. 31, 2022 Dec. 31, 2023, by purchase date Dec. 2, 2023 July 20, 2023 130 130 32 162 During 2023, the following purchases and sales were made: Purchases Sales Mar. 15 360 units at $25 Apr. 10 240 July 20 360 units at $26 Aug. 20 300 Sept. 4 240 units at $29 Nov. 18 190 Dec. 2 130 units at $32 Dec. 12 328 The company uses the periodic inventory method. (a1) Determine ending inventory under specific identification. Ending inventory $
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