Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 The fo

Question

Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 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 Mar. Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Sold at Retail Units Acquired at Cost 90 units $50.80 per unit 220 units $55.80 per unit 1 Beginning inventory 250 units $85.80 per unit 80 units $60.80 per unit 140 units $62.80 per unit 120 units 95.80 per unit 370 units Totals 530 units Problem 6-1A Part 2 2. Compute the number of units in ending inventory Ending invento units

Explanation / Answer

Number of units in ending inventory = Beginning Inventory + Purchases - Sales

= 90 + (220 + 80 +140) - (250 +120) = 90 + 440 - 370 = 160 units

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