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art 1 of 4 D oints eBook Print References wamewoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Beginning inventory Purchases: March 5 March 18 March 25 Activities Total Beginning inventory Purchase Sales Purchase Purchase Sales Totals Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Acquired at Cost 120 units @ $51.40 per unit 235 units @ $56.40 per unit # of units 95 units @ $61.40 per unit 170 units @ $63.40 per unit Cost per Unit 620 units Cost of Goods Available for Sale Cost of Goods Available for Sale Units Sold at Retail 280 units @ $86.40 per unit 150 units @ $96.40 per unit 430 units

art 1 of 4 D oints eBook Print References wamewoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Beginning inventory Purchases: March 5 March 18 March 25 Activities Total Beginning inventory Purchase Sales Purchase Purchase Sales Totals Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Acquired at Cost 120 units @ $51.40 per unit 235 units @ $56.40 per unit # of units 95 units @ $61.40 per unit 170 units @ $63.40 per unit Cost per Unit 620 units Cost of Goods Available for Sale Cost of Goods Available for Sale Units Sold at Retail 280 units @ $86.40 per unit 150 units @ $96.40 per unit 430 units

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Part 1 of 4 O oints eBook Print References Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Beginning inventory Purchases: March 5 March 18 March 25 Activities Total Beginning inventory Purchase Sales Purchase Purchase Sales Totals Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Acquired at Cost 120 units @ $51.40 per unit 235 units @ $56.40 per unit # of units 95 units @ $61.40 per unit 170 units @ $63.40 per unit Cost per Unit 620 units Cost of Goods Available for Sale Cost of Goods Available for Sale Units Sold at Retail 280 units @ $86.40 per unit 150 units @ $96.40 per unit 430 units
Transcribed Image Text:Part 1 of 4 O oints eBook Print References Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Beginning inventory Purchases: March 5 March 18 March 25 Activities Total Beginning inventory Purchase Sales Purchase Purchase Sales Totals Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Acquired at Cost 120 units @ $51.40 per unit 235 units @ $56.40 per unit # of units 95 units @ $61.40 per unit 170 units @ $63.40 per unit Cost per Unit 620 units Cost of Goods Available for Sale Cost of Goods Available for Sale Units Sold at Retail 280 units @ $86.40 per unit 150 units @ $96.40 per unit 430 units
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