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Required information [The following information applies to the questions displayed below.) Wamerwoods Company uses a perpetual inventory system. It entered into the following purchases
Required information [The following information applies to the questions displayed below.) Wamerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 100 units @ $63.00 per unit 400 units @ $68.00 per unit 120 units @ $73.00 per unit 200 units @ $75.00 per unit 820 units Units Sold at Retail I 420 units @ 598.00 per unit 160 units @ $108.00 per unit 500 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 < Prev 3 4 5 6 9 jo Next >
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