[The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory...
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[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
March 1
Beginning inventory
180
units
@ $52.60 per unit
March 5
Purchase
265
units
@ $57.60 per unit
March 9
Sales
340
units
@ $87.60 per unit
March 18
Purchase
125
units
@ $62.60 per unit
March 25
Purchase
230
units
@ $64.60 per unit
March 29
Sales
210
units
@ $97.60 per unit
Totals
800
units
550
units
2. Compute the number of units in ending inventory.
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