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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 Units Sold at Retail Activities Units Acquired at Cost Beginning inventory 170 units $52.40 per unit March 5 Purchase 260 units $57.40 per unit March 91 Sales 330 units @ $87.40 per unit March 18 Purchase 120 units $62.40 per unit March 25 Purchase 220 units $64.40 per unit March 29 Sales Totals 770 units 200 units @ $97.40 per unit 530 units 2. Compute the number of units in ending inventory. Answer is complete but not entirely correct. Ending inventory 150 units
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