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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 Date Mar. 1 Beginning inventory Mar 5 Purchase Mar9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Activities Units Acquired at Cost 60 units $50.20 per unit 205 units $55.20 per unit Units Sold at Retail 220 units $85.20 per unit 65 units $60.20 per unit 110 units $62.20 per unit 90 units @ $95.20 per unit 310 units Totals 440 units Goods Purchased #of Cost of Goods Sold Inventory Balance Cost per | unit # of units sold Cost per unit Cost of Goods Sold Cost per Inventory Balance Date # of units units unit 60 $50.20$3,012.00 60 50.20$3,012.00 205 S55.20 11,316.00 14,328.00 March 1 March 5 205@$55.20 60 $50.20 $3,012.00 160 $55.208,832.00 11,844.00 March 9 0 S 50.20 100 S 55.205,520.00 $5,520.00 March 18 65@$ 60.20 0 S 50.20 100S 55.205,520.00 65$ 60.203,913.00 $9,433.00 March 25 110@$ 62.20 0 S 50.20 100 S 55.205,520.00 65 $ 60.203,913.00 110S 62.206,842.00 16,275.00 0 50.200.00 3,864.00 4,214.00 0.00 $8,078.00 S50.20 @S55.20 @ $ 60.20 March 29 $55.20 70 60.20 0 $ 62.20- 110 $ 62.20 6,842.00 $6,842.00 $6,842.00 Totals 19,922.00
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