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Saved Required information [The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following
Saved 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 March 1 Activities March 5 Beginning inventory Purchase March 9 Sales March 18 March 25 Purchase Purchase 90 units 160 units Units Acquired at Cost 110 units @ $51.20 per unit 230 units @ $56.20 per unit $61.20 per unit @ $63.20 per unit Units Sold at Retail 270 units @ $86.20 per unit March 29 Sales Totals 590 units 140 units @ $96.20 per unit 410 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Available for Sale # of units Cost per Unit Cost of Goods Available for Sale
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