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

Activities

Units Acquired at Cost

Units Sold at Retail

Mar.

1

Beginning inventory

80

units

@ $50.60 per unit

Mar.

5

Purchase

215

units

@ $55.60 per unit

Mar.

9

Sales

240

units

@ $85.60 per unit

Mar.

18

Purchase

75

units

@ $60.60 per unit

Mar.

25

Purchase

130

units

@ $62.60 per unit

Mar.

29

Sales

110

units

@ $95.60 per unit

Totals

500

units

350

units

Required: 1. Compute cost of goods available for sale and the number of units available for sale.

6 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 Part 2 of 4 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 80 units $50.60 per unit 215 units $55.60 per unit Units Sold at Retail 10 points 240 units $85.60 per unit 75 units $60.60 per unit 130 units $62.60 per unit 02.58:38 110 units $95.60 per unit Totals 500 units 350 units 2. Compute the number of units in ending inventory. units