Required information Problem 5-1A 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 Units sold at Retail Units Acquired at Cont B0 units $50.60 per unit 215 units $55.60 per unit 240 unita $85.60 per unit Date Activities MAE. 1 Beginning inventory Mar. S Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 75 unita $60.60 per unit 130 units 862.60 per unit 110 units $95.60 per unit 350 unita 500 units Specific Identification: Goods Purchased Date # of Cost per units unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per unit Inventory Balance 80 @ $ 50.60 $ 4,048.00 March 5 March 9 March 18 March 25 March 29 Required information Problem 5-1A 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 Units sold at Retail Units Acquired at Cont B0 units $50.60 per unit 215 units $55.60 per unit 240 unita $85.60 per unit Date Activities MAE. 1 Beginning inventory Mar. S Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 75 unita $60.60 per unit 130 units 862.60 per unit 110 units $95.60 per unit 350 unita 500 units Specific Identification: Goods Purchased Date # of Cost per units unit March 1 Cost of Goods Sold # of units Cost per Cost of Goods sold unit Sold Inventory Balance # of units Cost per unit Inventory Balance 80 @ $ 50.60 $ 4,048.00 March 5 March 9 March 18 March 25 March 29