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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 1 Units Acquired at Cost Units Sold at Retail March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory 110 units $51.20 per unit Purchase 230 units $56.20 per unit Sales Purchase Purchase Sales Totals 270 units $86.20 per unit 90 units 160 units $61.20 per unit @ $63.20 per unit 590 units 140 units $96.20 per unit 410 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
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