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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 220 units@ $53.40 per unit Mar. 5 Purchase 285 units@ $58.40 per unit Mar. 9 Sales 380 units @ $88.40 per unit Mar. 18 Purchase 145 units@ $63.40 per unit Mar. 25 Purchase 270 units@ $65.40 per unit Mar. 29 Sales 250 units @ $98.48 per unit Totals 920 units 630 units 2. Compute the number of units in ending inventory Ending inventory units Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 220 units@ $53.40 per unit 285 units@ $58.40 per unit 145 units@ $63.40 per unit 270 units@ $65.40 per unit 380 units@ $88.40 per unit 920 units 250 units@ $98.40 per unit 630 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 # of units Unit Available for Sale Beginning inventory Purchases 16,644 27,362,736 March 5 March 18 March 25 Total 1644.00 33592.00
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