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Problem 5-1A (Static) Periodic: Alternative cost flows LO P1 [The following information applies to the questions displayed below] Warnerwoods Company uses a periodic inventory
Problem 5-1A (Static) Periodic: Alternative cost flows LO P1 [The following information applies to the questions displayed below] Warnerwoods Company uses a periodic inventory system it entered into the following purchases and sales transactions for March Date 2547) Mar Mar. 9 Sales Mar. 18 Purchase Mar 25 Purchase Har. 29 Sales Activities Har. 1 Beginning Inventory 5 Purc Units Acquired at Cost 200 units @ 150 per unit Units Sold at ht 400 units 155 per unit 420 units 185 per unit 120 units @ $60 per unit 200 units @ $62 per unit 20 units 160 units @ 395 per unit 580 units Totals For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase
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