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Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and
Required information [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 March 1 March 5 Activities Beginning inventory Purchase Units Acquired at Cost 135 units @ $70 per unit 435 units @ $75 per unit Units Sold at Retail March 9 Sales 455 units @ $105 per unit March 18 Purchase March 25 Purchase 190 units 270 units @ $80 per unit @ $82 per unit March 29 Sales Totals 1,030 units 230 units @ $115 per unit 685 units For specific identification, units sold include 80 units from beginning inventory, 375 units from the March 5 purchase, 75 units from the March 18 purchase, and 155 units from the March 25 purchase. 2. Compute the number of units in ending inventory. Ending inventory _ units
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