S Fall 2015 itan Web A Account & Spring 20 Detail Detail Fall 2015 & Spring 20 ive cost flows LOP3 AA Periodic. Ai mat The following information applies to the questions displayed below] uses a permodic inventory system. entered into the following purchases and sales transactions for March. Units Acquired at Cost Units sold at Retail Date Activities 100 o $50 per unit units Mar 1 Beginning Inventory Mar 5 Purchase 400 units $55 per unit 420 units $85 per unit Mar 9 Sales Mar 18 Purchase 120 units $60 per unit Mar. 25 Purchase 200 units $62 per unit 160 units $95 per unit Mar 29 Sales Totals 580 units 820 units For specific Identification, the March 9 sale consisted of 80 units from beginning Inventory and 340 units from the March 5 purchase: the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. References Problem 5-2AA Periodic Alternative cost Section Break flows, LO P3 O Ask me anything