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Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases
Required information [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 March 1 Activities Beginning inventory Purchase March 5 March 9 Sales March 18 Purchase March 25 Purchase March 29 Sales Totals 2. Compute the number of units in ending inventory. Ending inventory units Units Acquired at Cost 110 units @$51.20 per unit 230 units @$56.20 per unit Units Sold at Retail 270 units @ $86.20 per unit 90 units @ $61.20 per unit 160 units $63.20 per unit 590 units 140 units @ $96.20 per unit 410 units
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