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 units Unita Acquired at Cost 60 units @ $50.20 per unit 205 units@ $55.20 per unit 65 units $60.20 per unit 110 units @ $62.20 per unit 440 units Units Sold at Retail 220 units $85.20 per unit 90 units @ $95.20 per unit 310 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 units Unita Acquired at Cost 60 units @ $50.20 per unit 205 units@ $55.20 per unit 65 units $60.20 per unit 110 units @ $62.20 per unit 440 units Units Sold at Retail 220 units $85.20 per unit 90 units @ $95.20 per unit 310 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 251
March 29
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
2. Compute the number of units in ending inventory.
Ending inventory
untits
Unita Acquired at Cost
60 units @ $50.20 per unit
205 units @ $55.20 per unit
65 units @ $60.20 per unit
110 units @ $62.20 per unit
440 units
Units Sold at Retail
220 units $85.20 per unit
90 units @ $95.20 per unit
310 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb5b7276f-0b39-4e81-a59c-522f0cdd9ee7%2F85f44e0f-c28d-49f2-8f58-2414f5d39eaf%2Fozgg4nl_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 251
March 29
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
2. Compute the number of units in ending inventory.
Ending inventory
untits
Unita Acquired at Cost
60 units @ $50.20 per unit
205 units @ $55.20 per unit
65 units @ $60.20 per unit
110 units @ $62.20 per unit
440 units
Units Sold at Retail
220 units $85.20 per unit
90 units @ $95.20 per unit
310 units
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