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Part 2 of 4

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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

March 1

March 5

March 9

March 18

March 25

March 29

Activities

Ending inventory

Beginning inventory

Purchase

Sales

Purchase

Purchase

Sales

Totals

2. Compute the number of units in ending inventory.

250 units

Units Acquired at Cost

180 units @ $52.60 per unit

265 units @ $57.60 per unit

125 units @ $62.60 per unit

230 units @ $64.60 per unit

800 units

Units Sold at Retail

340 units @ $87.60 per unit

210 units @ $97.60 per unit

550 units