Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.

Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 110 units @ $45 per unit 410 units @ $50 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 430 units @ $80 per unit 140 units @ $55 per unit 220 units @ $57 per unit 180 units @ $90 per unit 610 units 880 units b) Periodic LIFO Ending Inventory Cost of Goods Available for Sale Cost of # of Cost per Goods units unit Available for Sale 110 $ 45.00 $ 4,950 Cost of Goods Sold # of Cost per Cost of units Goods sold unit Sold # of units in ending inventory Cost per unit Ending Inventory 20 X $ 45.00 $ 900 90 X $ 45.00 4,050 20,500 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 410 140 $ 50.00 $ 55.00 $ 57.00 20,500 7,700 12,540 $ 45,690 410 $ 50.00 0X 180 $ 57.00 610 0 X 140 X 40 270 55.00 57.00 220 10,260 $31,660 7,700 2.280 $ 14,030 880 c) Average Cost Cost of Goods Sold Cost of Goods Available for Sale Cost of # of Average Goods Cost per units Available unit for Sale # of units sold Average Cost per Unit Cost of Goods Sold Ending Inventory # of units Average Ending Cost per in ending Inventory inventory unit