Question
Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 Skip to question [The following information applies to the questions displayed below.] Warnerwoods Company uses a
Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 Skip to question [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 March 1 Beginning inventory 200 units @ $53.00 per unit March 5 Purchase 275 units @ $58.00 per unit March 9 Sales 360 units @ $88.00 per unit March 18 Purchase 135 units @ $63.00 per unit March 25 Purchase 250 units @ $65.00 per unit March 29 Sales 230 units @ $98.00 per unit Totals 860 units 590 units rev: 05_26_2021_QC_CS-265380, 07_10_2021_QC_CDR-376 Problem 6-1A (Algo) Part 1 Required: 1. Compute cost of goods available for sale and the number of units available for sale.
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