Saved Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a...
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Saved 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 Activities 423, Units Acquired at Cost Units Sold at Retail March 1 Beginning. 195 units $85 per unit March 5 inventory Purchase 495 units $90 per unit March 9 Sales 515 units $120 per unit March 18 March 25 Purchase Purchase 310 units $95 per unit 390 units $97 per unit March 29 Sales 350 units $130 per unit Totals 1,390 units 865 units For specific identification, units sold include 60 units from beginning inventory, 455 units from the March 5 purchase, 135 units from the March 18 purchase, and 215 units from the March 25 purchase. Saved 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 Activities 423, Units Acquired at Cost Units Sold at Retail March 1 Beginning. 195 units $85 per unit March 5 inventory Purchase 495 units $90 per unit March 9 Sales 515 units $120 per unit March 18 March 25 Purchase Purchase 310 units $95 per unit 390 units $97 per unit March 29 Sales 350 units $130 per unit Totals 1,390 units 865 units For specific identification, units sold include 60 units from beginning inventory, 455 units from the March 5 purchase, 135 units from the March 18 purchase, and 215 units from the March 25 purchase.
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