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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
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 March 5 Activities Beginning inventory Purchase Purchase Purchase Units Acquired at Cost 160 units @ $52.20 per unit 255 units @$57.20 per unit @$62.20 per unit @ $64.20 per unit 115 units 210 units 740 units March 9 Sales March 18 March 25 March 29 Sales Totals Required: 1. Compute cost of goods available for sale and the number of units available for sale. Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Available for Sale # of units Cost per Cost of Goods Available Unit for Sale Units Sold at Retail 320 units @ $87.20 per unit 190 units @ $97.20 per unit 510 units
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