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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 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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
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
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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