Date March 1 March 5 March 9 March 18 March 25 March 29 Total Activities. Problem 5-1A (Algo) Part 1 Beginning inventory Purchases: March 5 March 18 March 25 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. # of units Units Acquired at Cost 90 units @ $50.80 per unit 220 units @ $55.80 per unit 90 80 units @ $60.80 per unit 140 units @ $62.80 per unit Cost of Goods Available for Sale 220 80 140 530 530 units Cost per Cost of Goods Available Unit for Sale Units Sold at Retail. 250 units @ $85.80 per unit 120 units @ $95.80 per unit 370 units
Date March 1 March 5 March 9 March 18 March 25 March 29 Total Activities. Problem 5-1A (Algo) Part 1 Beginning inventory Purchases: March 5 March 18 March 25 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. # of units Units Acquired at Cost 90 units @ $50.80 per unit 220 units @ $55.80 per unit 90 80 units @ $60.80 per unit 140 units @ $62.80 per unit Cost of Goods Available for Sale 220 80 140 530 530 units Cost per Cost of Goods Available Unit for Sale Units Sold at Retail. 250 units @ $85.80 per unit 120 units @ $95.80 per unit 370 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
Vishu
Transcribed Image Text:Date
March 1
March 5
March 9
March 18
March 25
March 29
Total
Activities
Problem 5-1A (Algo) Part 1
Beginning inventory
Purchases:
March 5
March 18
March 25
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.
# of units
90
Units Acquired at Cost
90 units @ $50.80 per unit
220 units @ $55.80 per unit
Cost of Goods Available for Sale
220
80
140
530
80 units @ $60.80 per unit
140 units @ $62.80 per unit
Cost per
Unit
530 units
Cost of Goods Available
for Sale
Units Sold at Retail
250 units @ $85.80 per unit
120 units @ $95.80 per unit
370 units
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