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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 Units Acquired at Cost 110 units @ $51.20 per unit 230 units @ $56.20 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 270 units @ $86.20 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 90 units 160 units @ $61.20 per unit $63.20 per unit 140 units @ $96.20 per unit 410 units 590 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 Cost of Goods Available Unit for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total
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