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Required information Skip to question [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the
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[The following information applies to the questions displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
Date | Activities | Units Acquired at Cost | Units Sold at Retail | ||||
---|---|---|---|---|---|---|---|
March 1 | Beginning inventory | 250 | units | @ $54.00 per unit | |||
March 5 | Purchase | 300 | units | @ $59.00 per unit | |||
March 9 | Sales | 410 | units | @ $89.00 per unit | |||
March 18 | Purchase | 160 | units | @ $64.00 per unit | |||
March 25 | Purchase | 300 | units | @ $66.00 per unit | |||
March 29 | Sales | 280 | units | @ $99.00 per unit | |||
Totals | 1,010 | units | 690 | units |
2. Compute the number of units in ending inventory
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