Hw.59. Windsor Corporation began operations on December 1, 2024. The only inventory transaction in 2024 was the purchase of inventoryon December 10, 2024, at a cost of $22 per unit. None of this inventory was sold in 2024. Relevant information is as follows.Ending inventory unitsDecember 31, 2024December 31, 2025, by purchase dateDecember 2, 2025July 20, 2025PurchasesMarch 15July 20September 4December 214550During the year, the following purchases and sales were made.345 units at $27345 units at 28245 units at31145 units at 34145195SalesApril 10August 20November 18December 12245345195245 * Your answer is incorrect.Calculate the price index for 2025. Assume that the December 2, 2025, purchase cost is the current cost of inventory. (Hint: Thebeginning inventory is the base layer priced at $22 per unit.) (Round answer to 4 decimal places, e.g. 2.7653.)Price index1.5455

The company keeps inventory in the business for sale. But some inventory does not sell at the end of…

* Your answer is incorrect. Calculate the price index for 2025. Assume that the December 2, 2025, purchase cost is the current cost of inventory. (Hint: The beginning inventory is the base layer priced at $22 per unit.) (Round answer to 4 decimal places, e.g. 2.7653) Price index 1.5455

* Your answer is incorrect. Calculate the price index for 2025. Assume that the December 2, 2025, purchase cost is the current cost of inventory. (Hint: The beginning inventory is the base layer priced at $22 per unit.) (Round answer to 4 decimal places, e.g. 2.7653) Price index 1.5455

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 14RE: Refer to the information provided in RE8-4. If Paul Corporations inventory at January 1, 2019, had a...

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Question

Hw.59.

Windsor Corporation began operations on December 1, 2024. The only inventory transaction in 2024 was the purchase of inventory
on December 10, 2024, at a cost of $22 per unit. None of this inventory was sold in 2024. Relevant information is as follows.
Ending inventory units
December 31, 2024
December 31, 2025, by purchase date
December 2, 2025
July 20, 2025
Purchases
March 15
July 20
September 4
December 2
145
50
During the year, the following purchases and sales were made.
345 units at $27
345 units at 28
245 units at
31
145 units at 34
145
195
Sales
April 10
August 20
November 18
December 12
245
345
195
245

* Your answer is incorrect.
Calculate the price index for 2025. Assume that the December 2, 2025, purchase cost is the current cost of inventory. (Hint: The
beginning inventory is the base layer priced at $22 per unit.) (Round answer to 4 decimal places, e.g. 2.7653.)
Price index
1.5455

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