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5 Required information [The following information applies to the questions displayed below.) Part 1 of 4 Warnerwoods Company uses a periodic inventory system. It entered
5 Required information [The following information applies to the questions displayed below.) Part 1 of 4 Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. 0.9 points Units Sold at Retail Units Acquired at Cost 155 units @ $45 per unit 455 units @ $50 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 475 units @ $80 per unit eBook 230 units @ $55 per unit 310 units @ $57 per unit 270 units @ $90 per unit 745 units 1,150 units Print For specific identification, the March 9 sale consisted of 50 units from beginning inventory and 425 units from the March 5 purchase; the March 29 sale consisted of 95 units from the March 18 purchase and 175 units from the March 25 purchase. References Required. 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost per Cost of Goods Available # of Units Unit for Sale $ 0 0 Beginning inventory Purchases: March 5 March 18 March 25 Total 0 0 0
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