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[The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system....

[The following information applies to the questions displayed below.]

Warnerwoods Company uses a perpetual 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 220 units @ $53.40 per unit
Mar. 5 Purchase 285 units @ $58.40 per unit
Mar. 9 Sales 380 units @ $88.40 per unit
Mar. 18 Purchase 145 units @ $63.40 per unit
Mar. 25 Purchase 270 units @ $65.40 per unit
Mar. 29 Sales 250 units @ $98.40 per unit
Totals 920 units 630 units

2. Compute the number of units in ending inventory.

Ending inventory units
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Answer #1
Date Activities Units
Mar. 1 Beginning inventory 220
Mar. 5 Purchase 285
Mar. 9 Sales -380
Mar. 18 Purchase 145
Mar. 25 Purchase 270
Mar. 29 Sales -250
No. of units in ending inventory 290
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