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6-1A (Static) Perpetual: Alternative cost flows LO P1 Skip to question [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual
6-1A (Static) Perpetual: Alternative cost flows LO P1 Skip to question [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 Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 100 units @ $50 per unit March 5 Purchase 400 units @ $55 per unit March 9 Sales 420 units @ $85 per unit March 18 Purchase 120 units @ $60 per unit March 25 Purchase 200 units @ $62 per unit March 29 Sales 160 units @ $95 per unit Totals 820 units 580 units
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