Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help on this question please #2 Date Warnerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for
need help on this question
Date Warnerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for March. Activities Units Aequired at Cost Units sold at Rota More Beginning inventory 90 unitse $50.80 per unit Mar. S Purchase 220 unitse $55.80 per unit Mar. 9 Sales 250 units & $85.80 per unit Mar. 18 Purchase 80 units $60.80 per unit Mar. 25 Purchase 140 unitse $62.80 per unit Mar. 29 Sales 120 unita e $95.80 per unit Totals 530 units 370 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Answer is complete but not entirely correct. Cost of Goods Available for Sale Cost per Cost of Goods #of units Unit Available for Sale 90S 50.00 4,500 220 Beginning inventory Purchases: March 5 March 18 March 25 Total 80 65.00 60.00 62.00 12,100 4,800 9,920 31,320 160 550 please #2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started