Question
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. DateActivitiesUnits Acquired at CostUnits Sold at RetailMar.1Beginning
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.
DateActivitiesUnits Acquired at CostUnits Sold at RetailMar.1Beginning inventory70units@ $50.40 per unitMar.5Purchase210units@ $55.40 per unitMar.9Sales230units@ $85.40 per unitMar.18Purchase70units@ $60.40 per unitMar.25Purchase120units@ $62.40 per unitMar.29Sales100units@ $95.40 per unitTotals470units330units
Problem 5-1A Part 2
2.Compute the number of units in ending inventory.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
