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! Required information Problem 5 - 2 AA ( Static ) Periodic: Alternative cost flows LO P 3 [ The following information applies to the

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Required information
Problem 5-2AA (Static) Periodic: Alternative cost flows LO P3
[The following information applies to the questions displayed below.]
Warnerwoods Company uses a periodid inventory system. It entered into the following purchases and sales transactions for March.
\table[[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,420 units @ $85 per unit],[\table[[March 9,],[March,18]],\table[[Sales],[Purchase]],120 units @ $60 per unit,],[March 29,\table[[Sales],[Totals]],820 units,580 units]]
For specific identification, units sold include 80 units from beginning inventory, 340 units from the March 5 purchase, 40 units from the March 18 purchase, and 120 units from the March 25 purchase.
Problem 5-2AA (Static) Part
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