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 Activities Beginning inventory Purchase March 9 Sales March 18 Purchase March 25 Purchase March 29 Sales Totals 2. Compute the number of units in ending inventory. Ending inventory units Units Acquired at Cost 170 units @ $52.40 per unit 260 units @ $57.40 per unit Units Sold at Retail 120 units @ $62.40 per unit 220 units @ $64.40 per unit 770 units 330 units @ $87.40 per unit 200 units @ $97.40 per unit 530 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 Activities Beginning inventory Purchase March 9 Sales March 18 Purchase March 25 Purchase March 29 Sales Totals 2. Compute the number of units in ending inventory. Ending inventory units Units Acquired at Cost 170 units @ $52.40 per unit 260 units @ $57.40 per unit Units Sold at Retail 120 units @ $62.40 per unit 220 units @ $64.40 per unit 770 units 330 units @ $87.40 per unit 200 units @ $97.40 per unit 530 units
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 67APSA: Inventory Costing Methods Andersons Department Store has the following data for inventory,...
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Question
![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
Activities
Beginning inventory
Purchase
March 9
Sales
March 18
Purchase
March 25
Purchase
March 29
Sales
Totals
2. Compute the number of units in ending inventory.
Ending inventory
units
Units Acquired at Cost
170 units @ $52.40 per unit
260 units @ $57.40 per unit
Units Sold at Retail
120 units @ $62.40 per unit
220 units @ $64.40 per unit
770 units
330 units @ $87.40 per unit
200 units @ $97.40 per unit
530 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3ce79ee1-788e-4491-861a-4cf29ef73799%2F0a0adf2f-9b64-430d-806e-d6ecad6338a5%2Fw3jzhg_processed.png&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
Activities
Beginning inventory
Purchase
March 9
Sales
March 18
Purchase
March 25
Purchase
March 29
Sales
Totals
2. Compute the number of units in ending inventory.
Ending inventory
units
Units Acquired at Cost
170 units @ $52.40 per unit
260 units @ $57.40 per unit
Units Sold at Retail
120 units @ $62.40 per unit
220 units @ $64.40 per unit
770 units
330 units @ $87.40 per unit
200 units @ $97.40 per unit
530 units
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