Problem 6-2AA Periodic: Alternative cost flows LO P3 [The following information applies to the questions displayed below Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transaction for March. Date Activities Units Acquired at Cost Units Sold at Retail Beginning Mar. 1 inventory 195 units unit 8 $85 per @ $90 per Mar. 5 Purchase 495 unitsunit @ $120 per unit Mar. 9 Sales 515 units Mar.18 Purchase 310 units $95 per unit e $97 per unit Mar.25 Purchase 390 units Mar. 29 Sales 350 units $130 per unit Totals 1,390 units 865 units For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 455 units from the March 5 9 sale consisted of 60 units from beginning inventory and 455 units from the March 5 purchase; the March 29 sale consisted of 135 units from the March 18 purchase and 215 units from the March 2 5 units from the March 18 purchase and 215 units from the March 25 purchase 4 of4 Next>