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The following information applies to the questions displayed below. Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
The following information applies to the questions displayed below. Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Activities Units Acquired at Cost 280 units $58.20 per unit 140 units $63.20 per unit Units Sold at Retil Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 210 units 210 $53.20 per unit 370 units $88.20 per unit 260 units $65.20 per unit 240 units $98.20 per unit Totals 890 units 610 units
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