2. 1. Compute cost of goods available for sale and the number of units available for sale. Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Date Activities Acquired at Cost Mar. Mar. Mar. Compute the number of units in ending inventory. Mar. Mar. Mar. 1 5 9 18 25 29 Units Sold at Retail Beginning inventory Purchase Sales Purchase Purchase Sales Totals 150 units 250 units 110 units 200 units 710 units @ $52.00/unit @ $57.00/unit @ $62.00/unit @ $64.00/unit 310 units 180 units 490 units @ $87.00/unit @ $97.00/unit

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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2.
1.
Compute cost of goods available for sale and the number of units available for sale.
Warnerwoods Company uses a perpetual inventory system. It entered into the following
purchases and sales transactions for March.
Units
Date Activities Acquired
at Cost
Mar.
Mar.
Mar.
Compute the number of units in ending inventory.
Mar.
Mar.
Mar.
1
5
9
18
25
29
Units Sold
at Retail
Beginning
inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
150 units.
250 units
110 units
200 units
710 units
@
$52.00/unit
@
$57.00/unit
@
$62.00/unit
@
$64.00/unit
310 units
180 units
490 units
@
$87.00/unit
@
$97.00/unit
Transcribed Image Text:2. 1. Compute cost of goods available for sale and the number of units available for sale. Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Units Date Activities Acquired at Cost Mar. Mar. Mar. Compute the number of units in ending inventory. Mar. Mar. Mar. 1 5 9 18 25 29 Units Sold at Retail Beginning inventory Purchase Sales Purchase Purchase Sales Totals 150 units. 250 units 110 units 200 units 710 units @ $52.00/unit @ $57.00/unit @ $62.00/unit @ $64.00/unit 310 units 180 units 490 units @ $87.00/unit @ $97.00/unit
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