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6-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered

6-1A Perpetual: Alternative cost flows LO P1

[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.

DateActivitiesUnits Acquired at CostUnits Sold at RetailMar.1Beginning inventory160units@ $52.20 per unitMar.5Purchase255units@ $57.20 per unitMar.9Sales320units@ $87.20 per unitMar.18Purchase115units@ $62.20 per unitMar.25Purchase210units@ $64.20 per unitMar.29Sales190units@ $97.20 per unitTotals740units510units

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