Question: Problem 5 - 1 A ( Algo ) Periodic: Alternative cost flows LO P 1 Skip to question [ The following information applies to the

Problem 5-1A (Algo) Periodic: Alternative cost flows LO P1
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Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.
DateActivitiesUnits Acquired at CostUnits Sold at RetailMarch 1Beginning inventory105units@ $40 per unitMarch 5Purchase405units@ $45 per unitMarch 9Sales425units@ $75 per unitMarch 18Purchase130units@ $50 per unitMarch 25Purchase210units@ $52 per unitMarch 29Sales170units@ $85 per unitTotals850units595units
For specific identification, units sold include 70 units from beginning inventory, 355 units from the March 5 purchase, 45 units from the March 18 purchase, and 125 units from the March 25 purchase.

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