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Please explain how. Requlred Informatlon Problem 5-1AA Periodic: Alternative cost flows LO P1 [The following information applies to the questions dlisplayed below.] Warnerwoods Company uses
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Requlred Informatlon Problem 5-1AA Periodic: Alternative cost flows LO P1 [The following information applies to the questions dlisplayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Activities Date Units Acquired at Cost Units Sold at Retail 175 units $65 per unit 475 units@ $70 per unit Mar. 1 Beginning inventory 5 Purchase 9 Sales Mar. 495 units $1e0 per unit Mar. 27e units$75 per unit 350 units $77 per unit 18 Purchase Mar. Mar. 25 Purchase 310 units $110 per unit 29 Sales Mar. 1,270 units 885 units Totals For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 415 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 195 units from the March 25 purchase. Problem 5-1AA Part 2 2. Compute the number of units in ending inventory. Ending inventory unitsStep by Step Solution
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