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Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed belowj 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 belowj Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Activities Units Acquired at Cost 80 units$50.60 per unit 215 units $55.60 per unit Units Sold at Retail Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 240 units $85.60 per unit 75 units$60.60 per unit 130 units $62.60 per unit 110 units$95.60 per unit 350 units Totals 500 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 Cost per Cost of Goods Available # of units Unit for Sale Beginning inventory Purchases March 5 March 18 March 25 Total
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