Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 2. Compute the number of units in ending inventory. Ending inventory 160 units Units Acquired at Cost 90 units 220 units @ $50.80 per unit. @ $55.80 per unit 80 units@ $60.80 per unit 140 units @$62.80 per unit 530 units Units Sold at Retail 250 units@ $85.80 per unit 120 units @ $95.80 per unit 370 units
Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 2. Compute the number of units in ending inventory. Ending inventory 160 units Units Acquired at Cost 90 units 220 units @ $50.80 per unit. @ $55.80 per unit 80 units@ $60.80 per unit 140 units @$62.80 per unit 530 units Units Sold at Retail 250 units@ $85.80 per unit 120 units @ $95.80 per unit 370 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
7.3 Is this right?
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Required information
[The following information applies to the questions displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
for March.
Date
March 1
March 5
March 9
March 18
March 25
March 29
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
2. Compute the number of units in ending inventory.
Ending inventory
160 units
Units Acquired at Cost
90 units@ $50.80 per unit
220 units @ $55.80 per unit
80 units @ $60.80 per unit
140 units @ $62.80 per unit
530 units
Units Sold at Retail
250 units @ $85.80 per unit
120 units @ $95.80 per unit
370 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b226df5-5ab6-44cb-a944-1c5e9ef58384%2F028f7f48-8f17-4f01-b332-7085a4c64d5d%2Fk8esrp8k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
for March.
Date
March 1
March 5
March 9
March 18
March 25
March 29
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
2. Compute the number of units in ending inventory.
Ending inventory
160 units
Units Acquired at Cost
90 units@ $50.80 per unit
220 units @ $55.80 per unit
80 units @ $60.80 per unit
140 units @ $62.80 per unit
530 units
Units Sold at Retail
250 units @ $85.80 per unit
120 units @ $95.80 per unit
370 units
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