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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. Mar. 1 Beginning
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Mar. Mar. 1 Beginning inventory 5 Purchase Mar. 9 Sales Mar. 18 Purchase Units Acquired at Cost 200 units @ $53.00 per unit 275 units @ $58.00 per unit Units Sold at Retail 360 units @ $88.00 per unit Mar. 25 Purchase Mar. 29 Sales Totals 135 units @ $63.00 per unit 250 units @ $65.00 per unit 860 units 230 units @ $98.00 per unit 590 units Problem 5-1A 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 Cost per Cost of Goods Available for Sale Unit # of units
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