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The Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March 2019. For specific identification: The March

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The Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March 2019. 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. Date Activities Units Acquired at Cost Units Sold at Retail Beginning inventory Purchase..... 100 units a $50.00 per unit 400 units a $55.00 per unit Sales .. 420 units a $85.00 per unit Mar. 1 Mar. 5 Mar. 9 Mar. 18 Mar. 25 Mar 29 120 units @ $60.00 per unit 200 units a $62.00 per unit Purchase.... Purchase Sales .. .. Totals. 160 units a $95.00 per unit 580 units 820 units Question 2 Compute the number of units in ending inventory. Units available (from Question 1) - units Less units sold - units Ending inventory - units

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