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(The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic Inventory system. It entered into the following purchases and sales transactions

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(The following information applies to the questions displayed below.) Warnerwoods Company uses a periodic Inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Aequired at Cost Unita Sold at Retail Mar. 1 Beginning inventory 180 units $70 per unit Mar. 5 Purchase 480 units $75 per unit Mar. 9 Sales 500 unitse $105 per unit Mar. 18 Purchase 280 units $80 per unit Mar. 25 Purchase 360 units $82 per unit Mar. 29 Sales 320 units $115 per unit Totals 1,300 units 820 units For specific identification, the March 9 sale consisted of 90 units from beginning inventory and 410 units from the March 5 purchase; the March 29 sale consisted of 120 units from the March 18 purchase and 200 units from the March 25 purchase 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 Available Unit for Sale Cost per Beginning inventory Purchases March 5 March 18 March 25 CE

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