compute the number of units in ending inventory ### Warnerwoods Company's Periodic Inventory System for MarchWarnerwoods Company employs a periodic inventory system. Below are the details of the purchases and sales transactions for March:#### Date and Activities:- **Mar. 1**: Beginning Inventory- **Mar. 5**: Purchase- **Mar. 9**: Sales- **Mar. 18**: Purchase- **Mar. 25**: Purchase- **Mar. 29**: Sales#### Units Acquired at Cost:- **Mar. 1**: 120 units @ \$55 per unit- **Mar. 5**: 420 units @ \$60 per unit- **Mar. 18**: 160 units @ \$65 per unit- **Mar. 25**: 240 units @ \$67 per unitTotal Units Acquired: **940 units**#### Units Sold at Retail:- **Mar. 9**: 440 units @ \$90 per unit- **Mar. 29**: 200 units @ \$100 per unitTotal Units Sold: **640 units**For specific identification, the March 9 sale consisted of 440 units from the beginning inventory and the March 5 purchase. The March 29 sale consisted of 60 units from the March 18 purchase and 140 units from the March 25 purchase.This data provides a comprehensive insight into Warnerwoods Company’s inventory flow and can be useful for understanding the periodic inventory system in action.

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Description: compute the number of units in ending inventory ### Warnerwoods Company's Periodic Inventory System for MarchWarnerwoods Company employs a periodic inventory system. Below are the details of the purchases and sales transactions for March:#### Date an

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Warnerwoods Company uses a periodic inventory for March.

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.

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compute the number of units in ending inventory

### Warnerwoods Company's Periodic Inventory System for March

Warnerwoods Company employs a periodic inventory system. Below are the details of the purchases and sales transactions for March:

#### Date and Activities:

- **Mar. 1**: Beginning Inventory
- **Mar. 5**: Purchase
- **Mar. 9**: Sales
- **Mar. 18**: Purchase
- **Mar. 25**: Purchase
- **Mar. 29**: Sales

#### Units Acquired at Cost:

- **Mar. 1**: 120 units @ \$55 per unit
- **Mar. 5**: 420 units @ \$60 per unit
- **Mar. 18**: 160 units @ \$65 per unit
- **Mar. 25**: 240 units @ \$67 per unit

Total Units Acquired: **940 units**

#### Units Sold at Retail:

- **Mar. 9**: 440 units @ \$90 per unit
- **Mar. 29**: 200 units @ \$100 per unit

Total Units Sold: **640 units**

For specific identification, the March 9 sale consisted of 440 units from the beginning inventory and the March 5 purchase. The March 29 sale consisted of 60 units from the March 18 purchase and 140 units from the March 25 purchase.

This data provides a comprehensive insight into Warnerwoods Company’s inventory flow and can be useful for understanding the periodic inventory system in action.

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