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Exercise 8-16 Whispering Winds Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10,

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Exercise 8-16 Whispering Winds Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a cost of $25 per unit. None of this inventory was sold in 2019. Relevant information for fiscal 2020 is as follows: Ending inventory units: December 31, 2019 130 December 31, 2020, by purchase date -Dec. 2, 2020 130 ---July 20, 2020 32 162 During 2020, 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. 4240 units at $29 Nov. 18 190 Dec. 2 130 units at $32 Dec. 12 328 The company uses the periodic inventory method. Determine ending inventory under specific identification Ending inventory s LINK TO TEXT LINK TO TEXT Determine ending inventory under FIFO. Ending inventory 5 LINE TOIT LIMIT PRINTER VERSION (BA 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. Determine ending inventory under specific identification. Ending inventory $ LINK TO TEXT LINK TO TEXT Determine ending inventory under FIFO. Ending inventory LINK TO TEXT LINK TO TEXT Determine ending inventory under weighted average cost. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answer to o decimal places, eg. 5,275.) Ending inventory

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