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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 inventory
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. Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Acquired at Cost 200 units $53.00 per unit 275 units $58.00 per unit Units Sold at Retail 360 units $88.00 per unit 135 units $63.00 per unit 250 units@ $65.00 per unit 230 units $98.00 per unit Totals 860 units 590 units Problem 6-1A 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
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