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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 purchases and
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. Total Date March 1 March 5 March 9 March 18 March 25 March 29 Beginning inventory Purchases: March 5 March 18 March 25 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Acquired at Cost 190 units @ $52.80 per unit 270 units @ $57.80 per unit # of units 130 units @ $62.80 per unit 240 units @ $64.80 per unit Cost per Unit 830 units Cost of Goods Available for Sale Cost of Goods Available for Sale Units Sold at Retail 350 units @ $87.80 per unit 220 units @ $97.80 per unit 570 units
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