Problem 8-05 Some of the information found on a detail inventory card for Windsor Inc. for the first month of operations is as follows Received Date January No. of Units 1,500 1,500 500 900 3.90 1,300 Issued, Balance, Unit Cost No. of Units No. of Units $3.66 1,000 1,400 800 600 4.03 600 1.300 1,100 200 1,800 1,100 4.27 2,600 1,600 1,000 1,600 425 700 1,900 Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Average-cost per unit From these data compute the ending inventory on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first- out (LIFO). (3) Average-cost. (Round final answers to o decimal places, e.g. 6,548.) (1) FIFO (2) LIFO (3) Average-cost Ending Inventory If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, would the amounts shown as ending inventory in (1), (2), and (3) above be the same? What amount would be shown as ending inventory? (Round average cost per unit to 4 decimal places, e.g. 2.7621 and final answers to o decimal places, e.g. 6,548.) (1) FIFO (2) (3) Average-cost Would amount be same Ending Inventory Click if you would like to Show Work for this question:Open Show Work