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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 Mar. Mar. Activities 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units Acquired at Cost 60 units @ $50.20 per unit 205 units @ $55.20 per unit $60.20 per unit $62.20 per unit 65 units 110 units Totals 440 units Units Sold at Retail 220 units $85.20 per unit 90 units @ $95.20 per unit 310 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 Cost per Unit Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total
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