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Required information Problem 5-1A (Static) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.) Warnerwoods Company uses a
Required information Problem 5-1A (Static) 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 March 11 March 51 March 9 March 18: Sales $50 per unit $55 per unit Units Sold at Retail Activities Beginning inventory Units Acquired at Cost 100 units Purchase 400 units 420 units @ $85 per unit 120 units 200 units @ $60 per unit $62 per unit 820 units 160 units $95 per unit 580 units Purchase Purchase March 25 March 29 Sales Totals Problem 5-1A (Static) 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 Beginning inventory Purchases March 5 March 18 March 25 Total Cost per Unit Cost of Goods Available for Sale
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