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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. Mar. 1 Beginning Date Activities Units Acquired at Cost Units Sold at Retail 60 units init @ $50.20 inventory per unit Mar. 5 Purchase 205 units @ $55.20 per unit Mar. 9 Sales 220 units @ $85.20 per unit Mar. 18 Purchase @ $60.20 Mar. 25 Purchase @ $62.20 Mar. 29 Sales 90 units @ $95.20 per unit Totals 440 units 310 units 65 units per unit 110 units per unit Required: 1. Compute cost of goods available for sale and the number of units available for sale. # of units Cost per Cost of Goods Available for Sale Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total
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