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Required Information Problem 6-1A 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 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. Activities Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 200 units @ $53.00 per unit 275 units @ $58.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit Units Sold at Retail 360 units @ $88.00 per unit 860 units 230 units @ $98.00 per unit 590 units Problem 6-1A Part 1 Required: 1. Compute cost of goods available for sale and the number of units available for sale. # of units Cost of Goods Available for Sale Cost per Cost of Goods Available for Sale Unit Beginning inventory Purchases: March 5 March 18 March 25 Total
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