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Graded Chapter 6 P1 Question 1 of 2 View Policies Show Attempt History Current Attempt in Progress The accounting records of Whispering Winds Corp. show the following data. Beginning inventory Purchases Sales 4,000 units at $5 8,500 units at $7 10,000 units at $10 (a) Your Answer Correct Answer (Used) Calculate average unit cost. (Round answer to 3 decimal places, eg. 5.125.) $ Average unit cost 6.360 per unit (b) Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIF Question 1 of 2 072 E Calculate average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Average unit cost $ 6.360 per unit (b) Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (Round answers to decimal places, e8. 125.) FIFO LIFO Average-cost Cost of goods sold $ eTextbook and Media Assistance Used e Textbook List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later Sept. 1 13 -13 Unit Cost $115 118 Sept. 12 Sept. 19 Sept. 26 II Inventory Purchases Purchases Purchases Totals 49 54 Total Cost $1,495 5,782 6,426 2,880 $16,583 119 120 24 140 (a) Compute the ending inventory at September 30 using the FIFO, LIFO and average cost methods. (Round average cost per unit to 3 decimal places, eg. 125.153 and final answers to 0 decimal places, eg 125.) FIFO LIFO The ending inventory at September 30 AVERAGE-COST $ $ (b) Compute the cost of goods sold at September 30 using the FIFO, LIFO and average-cost methods. (Round average cost per unit to 3 decimal places, e.g. 125.153 and final answers to decimal places, eg. 125.) FIFO LIFO AVERAGE-COST Cost of goods sold $ $ $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for later Graded Chapter 6 P1 Question 1 of 2 View Policies Show Attempt History Current Attempt in Progress The accounting records of Whispering Winds Corp. show the following data. Beginning inventory Purchases Sales 4,000 units at $5 8,500 units at $7 10,000 units at $10 (a) Your Answer Correct Answer (Used) Calculate average unit cost. (Round answer to 3 decimal places, eg. 5.125) $ Average unit cost 6.360 per unit (b) Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIF Question 1 of 2 072 Calculate average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Average unit cost $ 6.360 per unit (b) Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (Round answers to decimal places, eg. 125.) FIFO LIFO Average-cost Cost of goods sold eTextbook and Media Assistance Used e Textbook List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later Graded Chapter 6 P1 Question 1 of 2 View Policies Show Attempt History Current Attempt in Progress The accounting records of Whispering Winds Corp. show the following data. Beginning inventory Purchases Sales 4,000 units at $5 8,500 units at $7 10,000 units at $10 (a) Your Answer Correct Answer (Used) Calculate average unit cost. (Round answer to 3 decimal places, eg. 5.125.) $ Average unit cost 6.360 per unit (b) Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIF Question 1 of 2 072 III Calculate average unit cost. (Round answer to 3 decimal places, es. 5.125.) Average unit cost $ 6.360 per unit (b) Determine cost of goods sold during the period under a periodic inventory system using the FIFO method, the LIFO method, and the average-cost method. (Round answers to decimal places, eg. 125.) FIFO LIFO Average-cost Cost of goods sold $ $ eTextbook and Media Assistance Used e Textbook List of Accounts Save for Later Attempts: 0 of 3 used Submit

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