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 Mar. 1 Beginning inventory 100 units @ $50 per unit Mar. 5 Purchase 400 units @ $55 per unit Mar. 9 Sales 420 units @ $85 per unit Mar. 18 Purchase 120 units @ $60 per unit Mar. 25 Purchase 200 units @ $62 per unit Mar. 29 Sales 160 units @ $95 per unit Totals 820 units 580 units 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.