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Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Mar. Activities 1 Beginning inventory
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Mar. Activities 1 Beginning inventory Mar. 5 Purchase Units Acquired at Cost 250 units @ $54.00 per unit 300 units @ $59.00 per unit Units Sold at Retail Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase 410 units @ $89.00 per unit 160 units @ $64.00 per unit 300 units @ $66.00 per unit Mar. 29 Sales Totals 1,010 units 280 units @ $99.00 per unit 690 units Problem 6-1A Part 1 Required: 1. Compute cost of goods available for sale and the number of units available for sale. Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Available for Sale # of units Cost per Unit Cost of Goods Available for Sale 55 $ 440.00 $ 24,200
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