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 Units Sold at Retail 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 80 units @ $50.60 per unit 215 units @ $55.60 per unit 75 units @ $60.60 per unit 130 units@ $62.60 per unit 240 units @ $85.60 per unit 110 units @ $95.60 per unit 350 units 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 Cost per Cost of Goods # of units Unit Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit # of units sold Cost per unit Cost of Goods Sold Date March 1 March 5 Inventory Balance Cost per Inventory # of units unit Balance 80 $ 50.60 = $ 4,048.00 215 @ $ 55.60 80 @ 215 @ $ 50.60 = $ 4,048.00 $ 55.60 = 11,954.00 $ 16,002.00 March 9 Il $ $ 80 @ 215 @ $ 50.60 $ 55.60 4,048.00 11,954.00 16,002.00 $ 50.60 $ 55.60 $ March 18 March 25 March 29 Totals $ 16,002.00 Goods Purchased # of Cost per units unit Cost of Goods Sold Cost per Cost of Goods Sold unit # of units sold Date Inventory Balance Cost per Inventory # of units unit Balance 80 @ $ 50.60 = $ 4,048.00 March 1 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00 Cost of Goods Sold Weighted Average Perpetual: Goods Purchased # of Date units unit March 1 Cost per # of units sold Cost per unit Cost of Goods Sold Inventory Balance Cost per # of units unit Inventory Balance 80 @ $ 50.60 $ 4,048.00 March 5 Average March 9 March 18 Average March 25 March 29 Totals $ 0.00 Specific Identification: Goods Purchased # of Date units unit March 1 Cost per Cost of Goods Sold # of units Cost of Goods sold unit Sold Cost per Inventory Balance Cost per # of units Inventory Balance unit 80 @ $50.60 = $ 4,048.00 March 5 March 9 March 18 March 25 March 29 Totals $ 0.00