Windsor, Inc. is a retailer operating in Calgary, Alberta. Windsor uses the perpetual inventory method. Assume that there are no credit transactions; all amounts are settled in cash. You are provided with the following information for Windsor for the month of January 2022.
Date |
Description |
Quantity |
Unit Cost or Selling Price |
|||
---|---|---|---|---|---|---|
Dec. 31 |
Ending inventory |
165 | $20 | |||
Jan. 2 |
Purchase |
99 | 21 | |||
Jan. 6 |
Sale |
200 | 40 | |||
Jan. 9 |
Purchase |
81 | 24 | |||
Jan. 10 |
Sale |
65 | 44 | |||
Jan. 23 |
Purchase |
100 | 26 | |||
Jan. 30 |
Sale |
130 | 47 |
(a1)
Partially correct answer iconYour answer is partially correct.
Calculate average cost for each unit. (Round answers to 3 decimal places, e.g. 5.125.)
Jan. 1 |
$enter a dollar amount |
|
---|---|---|
Jan. 2 |
$enter a dollar amount |
|
Jan. 6 |
$enter a dollar amount |
|
Jan. 9 |
$enter a dollar amount |
|
Jan. 10 |
$enter a dollar amount |
|
Jan. 23 |
$enter a dollar amount |
|
Jan. 30 |
$enter a dollar amount |
Calculate average cost for each unit.
Answer:-
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