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

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Accounting

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The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 190 units $80 per unit 490 units $85 per unit Activities Units Sold at Retail 510 units $115 per unit 300 units 380 units $90 per unit $92 per unit 340 units $125 per unit Totals 1,360 units 850 units For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 460 units from the March 5 purchase; the March 29 sale consisted of 130 units from the March 18 purchase and 210 units from the March 25 purchase

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