Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

DateActivitiesUnits Acquired at CostUnits Sold at RetailMar.1Beginning inventory70units@ $50.40 per unitMar.5Purchase210units@ $55.40 per unitMar.9Sales230units@ $85.40 per unitMar.18Purchase70units@ $60.40 per unitMar.25Purchase120units@ $62.40 per unitMar.29Sales100units@ $95.40 per unitTotals470units330units

Problem 5-1A Part 1

Required:

1.Compute cost of goods available for sale and the number of units available for sale.