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The following information applies to the questions displayed below. Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transections

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The following information applies to the questions displayed below. Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transections for March Units Sold at Retall Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Acquired at Cost 125 units $6000 per unit 425 unilts $6500 per unit 445 units $95.00 per unit 170 units $7000 per unit 250 units $7200 per unit Miunits 655 units S10500 per unit Totals 970 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 365 units from the March 5 purchase, the March 29 sale consisted of 65 units from the March 18 purchase and 145 units from the March 25 purchase

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