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(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
(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 180 units @ $52.60 per unit 265 units @ $57.60 per unit Date March 1 March 5 March 9 March 18 March 25 March 29 340 units @ $87.60 per unit Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals 125 units 230 units @ $62.60 per unit @ $64.60 per unit 210 units_@ $97.60 per unit 550 units 800 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost per Cost of Goods Available # of units Unit for Sale Beginning inventory Purchases March 5 March 18 March 25 Total
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