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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.
tableDateActivities,Units Acquired at Cost,Units Sold at RetailMarch Beginning inventory, units @$ per unit,March Purchase, units @$ per unit,March Sales,, units @ $ per unitMarch Purchase, units @$ per unit,March Purchase, units @$ per unit,March Sales,, units @$ per unitTotals units, units
Required:
Compute cost of goods available for sale and the number of units available for sale.
tableCost of Goods Available for Sale# of units,tableCost perUnittableCost of Goods Availablefor SaleBeginning inventory,,,Purchases:March March March Total
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