Question
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 Activities Beginning inventory
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 Activities Beginning inventory Purchase Units Acquired at Cost 170 units @ $52.40 per unit 260 units @$57.40 per unit Units Sold at Retail March 5 March 9 Sales March 18 March 25 Purchase Purchase March 29 Sales Totals 330 units @ $87.40 per unit 120 units @ $62.40 per unit 220 units @$64.40 per unit 770 units 200 units @$97.48 per unit 530 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of units Beginning inventory Purchases: March 5 March 18 March 25 Total Cost per Unit Cost of Goods Available for Sale
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