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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 Purchase March 5 March 9 Sales March 18 March 25 Purchase March 29 Sales Totals Units Acquired at Cost 80 units $50.60 per unit 215 units @ $55.60 per unit 75 units @ $60.60 per unit 130 units @$62.60 per unit 500 units Units Sold at Retail 240 units @ $85.60 per unit 110 units @ $95.60 per unit 350 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total # of units Cost per Unit Cost of Goods Available for Sale
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