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Warnerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for March Date Activities Mar, 1 Beginning inventory Units
Warnerwoods Company uses a perpetual Inventory system. It entered into the following purchases and sales transactions for March Date Activities Mar, 1 Beginning inventory Units Acquired at Cost 100 units @ $50 per unit Units Sold at Retail Mar. 5 Purchase 400 units @ $55 per unit Mar Mar. 9 Sales Mar 18 Purchase 25 Purchase Mar. 29 Sales 420 units @ $85 per unit 120 units @ $60 per unit 200 units @ $62 per unit totals 820 units 160 units $95 per unit 580 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale ces of units Cost per Cost of Goods Available Unit for Sale Beginning inventory 100 $ 51 $ 5,100 Purchases March 5 56 12.000 March 18 01 5.185 March 25 150 63 0.450 Total 500 32,335
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