Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 March 25 Purchase Purchase Units Acquired at Cost 125 units @ $60 per unit 425 units @ $65 per unit 170 units @ $70 per unit 250 units @$72 per unit Units Sold at Retail 445 units @ $95 per unit March 29 Sales Totals 970 units 210 units @ $105 per unit 655 units For specific identification, units sold include 80 units from beginning inventory, 365 units from the March 5 purchase, 65 units from the March 18 purchase, and 145 units from the March 25 purchase. Problem 6-2AA (Algo) Part 2 2. Compute the number of units in ending inventory. Ending inventory units
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 March 25 Purchase Purchase Units Acquired at Cost 125 units @ $60 per unit 425 units @ $65 per unit 170 units @ $70 per unit 250 units @$72 per unit Units Sold at Retail 445 units @ $95 per unit March 29 Sales Totals 970 units 210 units @ $105 per unit 655 units For specific identification, units sold include 80 units from beginning inventory, 365 units from the March 5 purchase, 65 units from the March 18 purchase, and 145 units from the March 25 purchase. Problem 6-2AA (Algo) Part 2 2. Compute the number of units in ending inventory. Ending inventory units
Chapter1: Financial Statements And Business Decisions
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Required information
Problem 6-2AA (Algo) Periodic: Alternative cost flows LO P3
[The following information applies to the questions displayed below]
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions.
for March.
Date
March 1
March 5
Activities
Beginning inventory
Purchase
March 9
Sales
March 18
March 25
March 29
Sales
Totals
Purchase
Purchase
Units Acquired at Cost
125 units @ $60 per unit
425 units @ $65 per unit
170 units @ $70 per unit
250 units @ $72 per unit
Units Sold at Retail
445 units @ $95 per unit
970 units
210 units @$105 per unit
655 units
For specific identification, units sold include 80 units from beginning inventory, 365 units from the March 5 purchase, 65
units from the March 18 purchase, and 145 units from the March 25 purchase.
Problem 6-2AA (Algo) Part 2
2. Compute the number of units in ending inventory.
Ending inventory
units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F82a55757-d2b3-426e-a054-70e5fa89af6d%2Fd0168134-ef1a-4f21-821d-018c72cda364%2Fa3wu9ae_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
Problem 6-2AA (Algo) Periodic: Alternative cost flows LO P3
[The following information applies to the questions displayed below]
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions.
for March.
Date
March 1
March 5
Activities
Beginning inventory
Purchase
March 9
Sales
March 18
March 25
March 29
Sales
Totals
Purchase
Purchase
Units Acquired at Cost
125 units @ $60 per unit
425 units @ $65 per unit
170 units @ $70 per unit
250 units @ $72 per unit
Units Sold at Retail
445 units @ $95 per unit
970 units
210 units @$105 per unit
655 units
For specific identification, units sold include 80 units from beginning inventory, 365 units from the March 5 purchase, 65
units from the March 18 purchase, and 145 units from the March 25 purchase.
Problem 6-2AA (Algo) Part 2
2. Compute the number of units in ending inventory.
Ending inventory
units
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