Problem 5-2AA Periodic: Alternative cost flows LO P3-Appendix 5A [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. ctivities Units Acquired at Cost 120 units $55 per unit 420 units $60 per unit Date Mar. 1 Beginning inventory Mar 5 Purchase 440 units $90 per unit Mar 9 Sales 160 units $65 per unit Mar 18 Purchase 240 units a $67 per unit Mar 25 Purchase 200 units a s10o per unit Mar 29 Sales 940 units 640 units Totals For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 400 units from the March 5 purchase: the March 29 sale consisted of 60 units from the March 18 purchase and 140 units from the March 25 purchase References Section Break
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Problem 5-2AA Periodic: Alternative cost flows LO P3-Appendix 5A [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. ctivities Units Acquired at Cost 120 units $55 per unit 420 units $60 per unit Date Mar. 1 Beginning inventory Mar 5 Purchase 440 units $90 per unit Mar 9 Sales 160 units $65 per unit Mar 18 Purchase 240 units a $67 per unit Mar 25 Purchase 200 units a s10o per unit Mar 29 Sales 940 units 640 units Totals For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 400 units from the March 5 purchase: the March 29 sale consisted of 60 units from the March 18 purchase and 140 units from the March 25 purchase References Section Break