Required information Problem 5-1A (Static) Periodic: Alternative cost flows LO P1 [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 Mar. Activities har. 1 Beginning Inventory 5 Purchase Units Acquired at Cost 100 units @ $50 per unit 400 units @ $55 per unit har. 9 Sales 18 Purchase 420 units @ $85 per unit Har. 25 Purchase 120 units @ $60 per unit 200 units @ $62 per unit Nor. 29 Sales 160 units @ $95 per unit Totals 820 units 560 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase, the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase