Required information Skip to question [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 Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 140 units @ $75 per unit March 5 Purchase 440 units @ $80 per unit March 9 Sales 460 units @ $110 per unit March 18 Purchase 200 units @ $85 per unit March 25 Purchase 280 units @ $87 per unit March 29 Sales 240 units @ $120 per unit Totals 1,060 units 700 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 370 units from the March 5 purchase; the