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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. Units Acquired at Cost Units Sold at Retail Date March 1 March 5 March 9 Sales March 18. Purchase March 25 Purchase March 29 Sales Totals Activities Beginning inventory 100 units $52.60 per unit Purchase 265 units 557.60 per unit 340 units $87.60 per unit 125 unite 230 units $62.60 per unit $64.60 per unit 800 unite 210 units $97.60 per unit 550 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. # of units Cost of Goods Available for Sale Cost per Cost of Goods Available for Sale Unit Beginning inventory Purchases March 5 March 18 March 25 Total
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