Whispering Winds Corp. is a retailer operating in Calgary, Alberta. Whispering Winds Corp. 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 Whispering Winds Corp. for the month of January 2017.

Whispering Winds Corp. is a retailer operating in Calgary, Alberta. Whispering Winds Corp. 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 Whispering Winds Corp. for the month of January 2017. Date Unit Cost or Selling Price $19 Dec. 31 Jan. 2 Description Ending inventory Purchase Sale Purchase Quantity 162 107 184 82 21 Jan. 6 39 23 51 44 Jan. 9 Jan. 10 Jan. 23 Jan. 30 Sale Purchase 91 127 24 47 Sale Your answer is partially correct. Calculate average cost for each unit. (Round answers to 3 decimal places, eg. 5.125.) Jan. 1 $ 19 Jan. 2 $ 19.796 Jan. 6 $ 19.796 Jan. 9 $ 21.429 Jan. 10 $ 21.429 Jan. 23 $ 22.592 Jan. 30 $ 22.592 e Textbook and Media Assistance Used e Textbook List of Accounts X Your answer is incorrect. For each of the following cost flow assumptions, calculate (i) cost of goods sold, (ii) ending inventory, and (iii) gross profit. (Round answers to decimal places, e.g. 125.) (1) (2) (3) LIFO. FIFO. Moving-average. LIFO FIFO Moving-average Cost of goods sold $ $ $ Ending inventory $ $ Gross profit $ $ $ e Textbook and Media List of Accounts