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! Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following
! Required information [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 1 Activities March 5 Beginning inventory Purchase 220 units Units Acquired at Cost $53.40 per unit Units Sold at Retail 285 units $58.40 per unit March 9 Sales 380 units $88.40 per unit March 18 March 25 Purchase Purchase 145 units 270 units $63.40 per unit @ $65.40 per unit March 29 Sales Totals 920 units 250 units $98.40 per unit 630 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Available for Sale # of units Cost per Unit Cost of Goods Available for Sale
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