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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 Activities March 1 March 5 Beginning inventory Purchase Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit Units Sold at Retail March 9 Sales 260 units $86.00 per unit March 18 March 25 Purchase Purchase 85 units @ $61.00 per unit 150 units @ $63.00 per unit March 29 Sales Totals 560 units 130 units $96.00 per unit 390 units equired: Compute cost of goods available for sale and the number of units available for sale.
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