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 Mar. Activities 1 Beginning inventory Mar. 5 Purchase Units Acquired at Cost 195 units @ $85 per unit 495 units @ $90 per unit Units Sold at Retail Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 515 units @ $120 per unit 310 units @ $95 per unit 390 units @ $97 per unit Totals 1,390 units 350 units @ $130 per unit 865 units For specific identification, the March 9 sale consisted of 60 units from beginning inventory and 455 units from the March 5 purchase; the March 29 sale consisted of 135 units from the March 18 purchase and 215 units from the March 25 purchase.