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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Compute the number of units in ending
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
Compute the number of units in ending inventory.
Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Sold at Retail Units Acquired at Cost 100 units$50.00 per unit 400 units $55.00 per unit 420 units$85.00 per unit 120 units $60.00 per unit 200 units $62.00 per unit 160 units $95.00 per unit 580 units Totals 820 unitsStep by Step Solution
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