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