Question
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 Activities Beginning inventory Purchase Units Acquired at Cost 230 units $53.60 per unit 290 units $58.60 per unit March 9 Sales March 18 March 25 Purchase Purchase 150 units 280 units $63.60 per unit @$65.60 per unit March 29 Sales Totals 950 units 2. Compute the number of units in ending inventory. Ending inventory units Units Sold at Retail 390 units @ $88.60 per unit 260 units @ $98.60 per unit 650 units
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
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