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Required information Problem 5-1A Perpetual: Alternative cost flows LO P1 Skip to question [The following information applies to the questions displayed below.] Warnerwoods Company uses

Required information

Problem 5-1A Perpetual: Alternative cost flows LO P1

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[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 220 units @ $53.40 per unit
Mar. 5 Purchase 285 units @ $58.40 per unit
Mar. 9 Sales 380 units @ $88.40 per unit
Mar. 18 Purchase 145 units @ $63.40 per unit
Mar. 25 Purchase 270 units @ $65.40 per unit
Mar. 29 Sales 250 units @ $98.40 per unit
Totals 920 units 630 units

Problem 5-1A Part 1

Required: 1. Compute cost of goods available for sale and the number of units available for sale.

image text in transcribed

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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