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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. Activities Beginning inventory Purchase Date March 1 March 5 March 9 Sales March 18 Purchase March 25 Purchase March 29 Sales Totals Units Acquired at Cost 220 units @$53.40 per unit 285 units @$58.40 per unit @$63.40 per unit @$65.40 per unit 145 units 270 units 920 units Units Sold at Retail 380 units @ $88.40 per unit | 250 units @ $98.40 per unit 630 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of units Beginning inventory Purchases: March 5 March 18 March 25 Total Cost per Unit Cost of Goods Available for Sale
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