Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Activities March 1 March 5 Beginning inventory Purchase Units Acquired at Cost 100 units @ $50 per unit 400 units @ $55 per unit Units Sold at Retail March 9 Sales 420 units @ $385 per unit March 18 Purchase March 25 March 29 Purchase Sales 120 units 200 units @ $60 per unit @$62 per unit Totals 820 units 160 units @ $95 per unit 580 units For specific identification, the March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; the March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. 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 240 240 Cost per Cost of Goods Available Unit for Sale $ 0 0 0 0