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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 Ending inventory Sales Purchase Purchase Sales Totals 2. Compute the number of units in ending inventory. units Units Acquired at Cost 220 units @ $53.40 per unit 285 units @ $58.40 per unit 145 units. @ $63.40 per unit 270 units @ $65.40 per unit 920 units Units Sold at Retail 380 units @ $88.40. per unit 250 units @ $98.40 per unit 630 units

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 Ending inventory Sales Purchase Purchase Sales Totals 2. Compute the number of units in ending inventory. units Units Acquired at Cost 220 units @ $53.40 per unit 285 units @ $58.40 per unit 145 units. @ $63.40 per unit 270 units @ $65.40 per unit 920 units Units Sold at Retail 380 units @ $88.40. per unit 250 units @ $98.40 per unit 630 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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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 Units Acquired at Cost @ $53.40 per unit @ $58.40 per unit 220 units 285 units 145 units @ $63.40 per unit 270 units @ $65.40 per unit 920 units Units Sold at Retail 380 units @ $88.40 per unit 250 units @ $98.40 per unit 630 units
Transcribed Image Text: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 Units Acquired at Cost @ $53.40 per unit @ $58.40 per unit 220 units 285 units 145 units @ $63.40 per unit 270 units @ $65.40 per unit 920 units Units Sold at Retail 380 units @ $88.40 per unit 250 units @ $98.40 per unit 630 units
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