Problem 5-2AA (Algo) Periodic: Alternative cost flows LO P3

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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	Activities	Units Acquired at Cost			Units Sold at Retail
March 1	Beginning inventory	175	units	@ $65 per unit
March 5	Purchase	475	units	@ $70 per unit
March 9	Sales				495	units	@ $100 per unit
March 18	Purchase	270	units	@ $75 per unit
March 25	Purchase	350	units	@ $77 per unit
March 29	Sales				310	units	@ $110 per unit
	Totals	1,270	units		805	units

For specific identification, units sold include 80 units from beginning inventory, 415 units from the March 5 purchase, 115 units from the March 18 purchase, and 195 units from the March 25 purchase.