Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Activities Units Sold at Retail Units Acquired at Cost 100 units @ $56.00 per unit 400 units @ $61.00 per unit Date 1 Beginning inventory 5 Purchase 9 Sales Mar. Mar. Mar. 420 units @ $91.00 per unit 120 units @ $66.00 per unit 200 units @ $68.00 per unit Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 160 units @ $101.00 per unit Totals 820 units 580 units 2. Compute the number of units in ending inventory. Ending inventory units
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Activities Units Sold at Retail Units Acquired at Cost 100 units @ $56.00 per unit 400 units @ $61.00 per unit Date 1 Beginning inventory 5 Purchase 9 Sales Mar. Mar. Mar. 420 units @ $91.00 per unit 120 units @ $66.00 per unit 200 units @ $68.00 per unit Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 160 units @ $101.00 per unit Totals 820 units 580 units 2. Compute the number of units in ending inventory. Ending inventory units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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.
Units Acquired at Cost
100 units@ $56.00 per unit
400 units@ $61.00 per unit
Date
Activities
Units Sold at Retail
1 Beginning inventory
5 Purchase
9 Sales
Mar.
Mar.
Mar.
420 units @ $91.00 per unit
120 units @ $66.00 per unit
200 units @ $68.00 per unit
Mar.
18 Purchase
Mar.
25 Purchase
Mar. 29 Sales
160 units @ $101.00 per unit
Totals
820 units
580 units
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%2Facad9037-64ff-4634-8cfc-408fed18564b%2Fe811bf99-16d4-4fdc-9a2f-3e70999a4ed4%2F6bibwwk_processed.jpeg&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.
Units Acquired at Cost
100 units@ $56.00 per unit
400 units@ $61.00 per unit
Date
Activities
Units Sold at Retail
1 Beginning inventory
5 Purchase
9 Sales
Mar.
Mar.
Mar.
420 units @ $91.00 per unit
120 units @ $66.00 per unit
200 units @ $68.00 per unit
Mar.
18 Purchase
Mar.
25 Purchase
Mar. 29 Sales
160 units @ $101.00 per unit
Totals
820 units
580 units
2. Compute the number of units in ending inventory.
Ending inventory
units
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