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The Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March 2019. For specific identification: The March
The Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March 2019. For specific identification: The March 9 sale consisted of 80 units from beginning inventory and 340 units from the March 5 purchase; The March 29 sale consisted of 40 units from the March 18 purchase and 120 units from the March 25 purchase. Date Activities Units Acquired at Cost Units Sold at Retail Mar.1 100 units @ $50.00 per unit 400 units a $55.00 per unit Mar. 5 420 units a $85.00 per unit Mar. 9 Mar. 18 Mar. 25 Mar. 29 Beginning inventory.... Purchase Sales ... Purchase. Purchase Sales Totals. 120 units a $60.00 per unit 200 units a $62.00 per unit 160 units a $95.00 per unit 580 units 820 units Compute cost of goods available for sale and the number of units available for sale. Fill in the blanks in the table below. Date/Activity Units available for Sale Cost of goods available for sale Beginning Inventory 100 units @ $50.00 March 5 400 units @ $55.00 March 18 120 units @ $60.00 March 25 200 units @ $62.00 Units available units Cost of goods available for Sale
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