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Required Information Problem 6-1A (Algo) Perpetual: Alternative cost flows LO P1 [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual
Required Information Problem 6-1A (Algo) 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 March 1 Beginning inventory 248 units @ $53.82 per unit March 5 Purchase 295 units @ $58.80 per unit March 9 Sales 4ee units @ $88.88 per unit Purchase 155 units @ $63.88 per unit March 25 Purchase 298 units @ $65.88 per unit March 29 Sales 270 units @ $98.88 per unit Totals 989 units 670 units March 18 Problem 6-1A (Algo) 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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