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Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a p...

Required information

[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 230 units @ $53.60 per unit
Mar. 5 Purchase 290 units @ $58.60 per unit
Mar. 9 Sales 390 units @ $88.60 per unit
Mar. 18 Purchase 150 units @ $63.60 per unit
Mar. 25 Purchase 280 units @ $65.60 per unit
Mar. 29 Sales 260 units @ $98.60 per unit
Totals 950 units 650 units

2. Compute the number of units in ending inventory.

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2 Number of units in ending inventory. 300 Units Notes: Production in Units = 950 units Units Sold = 650 Units Ending Invento

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