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

Units Acquired at Cost

Units Sold at Retail

Mar.

1

Beginning inventory

130

units

@ $51.60 per unit

Mar.

5

Purchase

240

units

@ $56.60 per unit

Mar.

9

Sales

290

units

@ $86.60 per unit

Mar.

18

Purchase

100

units

@ $61.60 per unit

Mar.

25

Purchase

180

units

@ $63.60 per unit

Mar.

29

Sales

160

units

@ $96.60 per unit

Totals

650

units

450

units

Required: 1. Compute cost of goods available for sale and the number of units available for sale.