You receive the following information for Windsor Bags Ltd. Windsor imports and wholesales one type of high-end Italian leather handbag-each bag is identical. Windsor staff carefully code each bag with its purchase cost. Mar. 1 Beginning inventory is 140 handbags at a cost of $493 per bag. 3 Purchased 200 handbags at a cost of $541 each. 5 Sold 170 handbags for $795 each. 10 Purchased 340 handbags at a cost of $570 each. 25 Sold 500 handbags for $843 each. Assuming that Windsor Bags uses specific identification to determine inventory costs, show how Windsor Bags could maximize its gross profit for the month by selecting which handbags to sell on March 5 and March 25. Assuming that Windsor Bags uses the specific identification to determine inventory costs, show how Windsor Bags could minimize its gross profit for the month by selecting which handbags to sell on March 5 and March 25. Question Part Score Who are the stakeholders in this situation? Is there anything unethical in choosing which handbags to sell in a month? Assume that Windsor Bags uses a perpetual inventory system with the average cost formula. How much gross profit would Windsor Bags report? (Round the average unit cost to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) Question Part Score Should Windsor Bags use specific identification or the average cost formula