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[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

Mar.

1

Beginning inventory

200

units

@ $90 per unit

Mar.

5

Purchase

500

units

@ $95 per unit

Mar.

9

Sales

520

units

@ $125 per unit

Mar.

18

Purchase

320

units

@ $100 per unit

Mar.

25

Purchase

400

units

@ $102 per unit

Mar.

29

Sales

360

units

@ $135 per unit

Totals

1,420

units

880

units

For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 450 units from the March 5 purchase; the March 29 sale consisted of 140 units from the March 18 purchase and 220 units from the March 25 purchase.