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[The following information applies to the questions displayed below.] Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales
[The following information applies to the questions displayed below.] Anthony Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 170 units $52.40/unit Mar. 5 Purchase 260 units $57.40/unit Mar. 9 Sales 330 units $87.40/unit Mar. 18 Purchase 120 units $62.40/unit Mar. 25 Purchase 220 units @ $64.40/unit Mar. 29 Sales 200 units $97.40/unit Totals 770 units 530 units
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