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Compute the number of units in ending inventory. Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for
Compute the number of units in ending inventory.
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. (For specific identification, the March 9th sale consisted of 80 units from the beginning inventory and 340 units from the March 5th purchase; the March 29th sale consisted of 40 units from the March 18th purchase and 120 units from the March 25th purchase.) Warnerwoods Company Merchandise Inventory Transactions for the month of March, 2020 Units acquired Units sold Selling price/unit Units Cost per Units unit 100 $ 50.00 400 $ 55.00 420 $ 85.00 Date Activities 1-Mar Beginning inventory 5-Mar Purchase 9-Mar Sales 18-Mar Purchase 25-Mar Purchase 29-Mar Sales Totals 120 $ 200 $ 60.00 62.00 95.00 160 $ 580 820Step by Step Solution
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