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

1
Required information
Problem 5-1A (Algo) 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.
\table[[Date,Activities,Units Ac,cquired,at,Cost,Units S,Sold at,Retail],[March 1,Beginning inventory,175 units,@ $65,per,unit,A,,],[March 5,Purchase,475 units,e $70,per,unit,k,,],[March 9,Sales,,,,,495 units,@ $100,per unit],[March 18,Purchase,270 units,(e) $75,per,unit,,,],[March 25,Purchase,350 units,@ $77,per,unit,,,],[March 2,Sales,,,,,310 units,e $110,per unit],[Totals,1,270 units,,,,805 units,,]]
For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 415 units from the March 5 purchase; the March 29 sale consisted of 115 units from the March 18 purchase and 195 units from the March 25 purchase.
Problem 5-1A (Algo) Part 1
Required:
Compute cost of goods available for sale and the number of units available for sale.
\table[[,Cos,of Goods A,ailable for Sale],[,# of Units,\table[[Cost per],[Unit]],\table[[Cost of Goods Available],[for Sale]]],[Beginning inventory,,,$
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