P5-2A

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.

Date

Activities

Units Acquired at Cost

Units Sold at Retail

Mar.

1

Beginning inventory

140

units

@ $51.80 per unit

Mar.

5

Purchase

245

units

@ $56.80 per unit

Mar.

9

Sales

300

units

@ $86.80 per unit

Mar.

18

Purchase

105

units

@ $61.80 per unit

Mar.

25

Purchase

190

units

@ $63.80 per unit

Mar.

29

Sales

170

units

@ $96.80 per unit

Totals

680

units

470

units

Required: 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 Unit	Cost of Goods Available for Sale
Beginning inventory
Purchases:
March 5
March 18
March 25
Total

Compute the number of units in ending inventory.

Ending Inventory ______ Units