[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 Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 160 units @ $50 per unit March 5 Purchase 460 units @ $55 per unit March 9 Sales 480 units @ $85 per unit March 18 Purchase 240 units @ $60 per unit March 25 Purchase 320 units @ $62 per unit March 29 Sales 280 units @ $95 per unit Totals 1,180 units 760 units For specific identification, units sold include 60 units from beginning inventory, 420 units from the March 5 purchase, 100 units from the March 18 purchase, and 180 units from

March 1	Beginning inventory	160	units	@ $50 per unit
March 5	Purchase	460	units	@ $55 per unit
March 9	Sales				480	units	@ $85 per unit
March 18	Purchase	240	units	@ $60 per unit
March 25	Purchase	320	units	@ $62 per unit
March 29	Sales				280	units	@ $95 per unit
	Totals	1,180	units		760	units