Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Acquired at Cost 80 units @ $50.60 per unit 215 units @ $55.60 per unit Date Activities Units Sold at Retail Beginning inventory Purchase Sales Purchase March 1 March 5 March 9 March 18 March 25 240 units @ $85.60 per unit 75 units @ $60.60 per unit 130 units @ $62.60 per unit Purchase March 29 Sales 110 units @ $95.60 per unit Totals 500 units 350 units Problem 5-1A (Algo) Part 2 2. Compute the number of units in ending inventory.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
for March.
Units Sold at Retail
Units Acquired at Cost
80 units @ $50.60 per unit
215 units @ $55.60 per unit
Date
Activities
March 1
Beginning inventory
Purchase
Sales
March 5
240 units @ $85.60 per unit
March 9
March 18
Purchase
Purchase
75 units @ s60.60 per unit
|130 units @ S62.60 per unit
March 25
March 29
Sales
110 units @ S95.60 per unit
Totals
500 units
350 units
Ces
Problem 5-1A (Algo) Part 2
2. Compute the number of units in ending inventory.
Ending inventory
units
Transcribed Image Text:[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. Units Sold at Retail Units Acquired at Cost 80 units @ $50.60 per unit 215 units @ $55.60 per unit Date Activities March 1 Beginning inventory Purchase Sales March 5 240 units @ $85.60 per unit March 9 March 18 Purchase Purchase 75 units @ s60.60 per unit |130 units @ S62.60 per unit March 25 March 29 Sales 110 units @ S95.60 per unit Totals 500 units 350 units Ces Problem 5-1A (Algo) Part 2 2. Compute the number of units in ending inventory. Ending inventory units
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