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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

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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 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 500 units 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 # of units Cost of Goods Unit Available for Sale Cost per Beginning inventory Purchases: March 5 March 18 March 25 Total Prev 1 2 3 of 3 Next >

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