Question

Windsor, Inc. is a retailer operating in Calgary, Alberta. Windsor uses the perpetual inventory method. Assume...

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

Homework Answers

Answer #1

Calculate average cost for each unit.

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