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Required information Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Wamerwoods Company uses a
Required information Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Wamerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 Activities Beginning inventory March 5 Purchase 215 units Units Acquired at Cost 80 units $50.60 per unit $55.60 per unit Units Sold at Retail March 9 Sales 240 units $55.60 per unit March 18 March 25 Purchase Purchase 75 units 130 units @ $60.60 per unit @$62.60 per unit March 29 Sales Totals 500 units 110 units $95.60 per unit 350 units
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