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. Date January 2 Received Issued, Balance, No. of Units Unit Cost No. of Units No. of Units 1,500 $3.66 1,500 1,000 500 900 3.90 1,400 800 500 1,300 4.03 600 1,300 1,100 200 1,600 4.15 1,800 1,100 700 1,900 4.27 2.600 1,600 1,000 Calculate average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76) Average-cost per unit 4.03 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.) (3) FIFO Average-cost Ending Inventory 4.210 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 decimal places, e.g. 6,548.) (2) FIFO (3) LIFO Average-cost Would amount be same yes no no Ending Inventory 1.270 Click if you would like to Show Work for this question Open Show Work