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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 March 11 Activities Units Acquired at Cost Unita Sold at Retail March 5 Beginning inventory Purchase 190 units $52.80 per unit 270 units $57.80 per unit March 9 Sales 350 units $87.80 per unit March 18 March 25 March 29 Purchase Purchase Sales 130 units 240 units $62.80 per unit $64.00 per unit Totals 830 units 220 unita $97.00 per unit 570 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total # of units Cost per Unit Cost of Goods Available for Sale < Prev 6 7 8

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