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Problem 5-1A Perpetual: Alternative cost flows LO P1 The following information applies to the questions displayed below) Warnerwoods Company uses a perpetual inventory system. It
Problem 5-1A Perpetual: Alternative cost flows LO P1 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 Units Acquired at Cost 150 unitse $52.00 per unit 250 units $57.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. Sales Mar. 18 Purehase Mar. 25 Purchase MAT. 29 Sales Totals 310 unitse $87.00 per unit 110 units 200 units $62.00 per unit $64.00 per unit 180 unitse $97.00 per unit 400 unita 710 units Problem 5-1A Part 1 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 Available for Sale of units Unit Beginning inventory Purchases March 5 March 18 25
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