2.	Compute the number of units in ending inventory.

1.	Compute cost of goods available for sale and the number of units available for sale.

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Date

Activities

Units Acquired at Cost

Units Sold at Retail

Mar.

1

Beginning inventory

150

units

@ $52.00/unit

Mar.

5

Purchase

250

units

@ $57.00/unit

Mar.

9

Sales

310

units

@ $87.00/unit

Mar.

18

Purchase

110

units

@ $62.00/unit

Mar.

25

Purchase

200

units

@ $64.00/unit

Mar.

29

Sales

180

units

@ $97.00/unit

Totals

710

units

490

units