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Compute cost of goods available for sale and the number of units available for sale. Required Information [The following information applies to the questions displayed
Compute cost of goods available for sale and the number of units available for sale.
Required Information [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 Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 200 units @ $53.00 per unit 275 units @ $53.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit 360 units @ $88.00 per unit 230 units @ $98.00 per unit 590 units 860 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of units Cost per Cost of Goods Unit Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 TotalStep by Step Solution
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