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Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 The following information applies to the questions displayed below.) Warnerwoods Company uses a perpetual inventory
Required information 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 Date Activities Units Acquired at Cost Units sold at Retail Mar. 1 Beginning Inventory se units @ $50.60 per unit 5 Purchase 215 units@ $55.60 per unit Mar. 9 Sales 240 units @ $85.60 per unit Mar. 18 Purchase 75 units $60.60 per unit 130 units @ $62.60 per unit Mar. 29 Sales 110 units @ $95.60 per unit Totals 500 units 350 units Mar. Mar. 25 Purchase Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Avaliable for Sale # of units Cost of Goods Available Unit for Sale Cost per Beginning inventory Purchases March 5 March 18 March 25 Total
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