Warnerwoods Company uses a periodic inventory system. It enteredinto the following purchases and sales transactions for March. DateActivities Units Acquired at Cost Units Sold at Retail Mar. 1Beginning inventory 145 units @ $80 per unit Mar. 5 Purchase 445units @ $85 per unit Mar. 9 Sales 465 units @ $115 per unit Mar. 18Purchase 210 units @ $90 per unit Mar. 25 Purchase 290 units @ $92per unit Mar. 29 Sales 250 units @ $125 per unit Totals 1,090 units715 units For specific identification, the March 9 sale consistedof 90 units from beginning inventory and 375 units from the March 5purchase; the March 29 sale consisted of 85 units from the March 18purchase and 165 units from the March 25 purchase.
