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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 Sales March 5 March 9 March 18 Purchase March 25 Purchase March 29 Sales Totals Units Acquired at Cost 160 units @ $52.20 per unit 255 units @ $57.20 per unit Units Sold at Retail 320 units @ $87.20 per unit 115 units @ $62.20 per unit 210 units @ $64.20 per unit 740 units 190 units @ $97.20 per unit 510 units 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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