Thank you

Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Units Aequired at Cost 100 unitse $50 per unit 400 units @ $55 per unit Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 420 unitse $85 per unit 120 unitse $60 per unit 200 unitse $62 per unit 160 units e $95 per unit 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. b) Periodic LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods # of units Cost per unit Available for Sale $ 50.00 $5,000 # of units sold Cost per unit Cost of Goods Sold # of units in ending Cost per unit Inventory Ending Inventory 100 Beginning inventory Purchases: March 5 March 18 March 25 Total 100 $ 5,000 0 0 c) Average Cost Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Average Goods # of units Cost per unit Available for Sale # of units Average Cost sold Cost of Goods Sold # of units in ending Average Cost inventory Ending Inventory per Unit per unit 100 $ 5,000 Beginning inventory Purchases: March 5 March 18 March 25 100 Total $ $ 5,000 0