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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 and
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 March 1 March 5 March 9 March 18 March 25 March 29 320 units @ $87.20 per unit Units Acquired at Cost 160 units 552.20 per unit 255 units $57.20 per unit 115 units @ $62.20 per unit 210 units @ $54.20 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 100 units @ $97.20 per unit 510 units 740 units 2. Compute the number of units in ending inventory units Ending inventory Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units sold at Retail March 1 Beginning inventory 160 units @ $52.20 per unit March 5 Purchase 255 units @ $57.20 per unit March 9 Sales 320 units @ $87.20 per unit March 18 Purchase 115 units @ $62.20 per unit March 25 Purchase 210 units @ $64.20 per unit March 29 Sales 190 units 597.20 per unit Totals 740 units 510 units Required: 1. Compute cost of goods available for sale and the number of uits available for sale, Cost of Goods Available for Sale # of units Cost of Goods Available Unit for Sale Cost per Beginning inventory Purchases March 5 March 18 March 25 Total
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