Date Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 110 units @ $51.20 per unit March 5 Purchase 230 units @ $56.20 per unit March 9 Sales 270 units @ $86.20 per unit March 18 Purchase 90 units @ $61.20 per unit March 25 Purchase 160 units @ $63.20 per unit March 29 Sales 140 units @ $96.20 per unit Totals 590 units 410 units rev: 05_26_2021_QC_CS-265380, 07_10_2021_QC_CDR-376 Required: 1. Compute cost of goods available for sale and the number of units available for sale.

Date Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 110 units @ $51.20 per unit March 5 Purchase 230 units @ $56.20 per unit March 9 Sales 270 units @ $86.20 per unit March 18 Purchase 90 units @ $61.20 per unit March 25 Purchase 160 units @ $63.20 per unit March 29 Sales 140 units @ $96.20 per unit Totals 590 units 410 units rev: 05_26_2021_QC_CS-265380, 07_10_2021_QC_CDR-376 Required: 1. Compute cost of goods available for sale and the number of units available for sale.

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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Date	Activities	Units Acquired at Cost	Units Sold at Retail
March 1	Beginning inventory	110	units	@ $51.20 per unit
March 5	Purchase	230	units	@ $56.20 per unit
March 9	Sales				270	units	@ $86.20 per unit
March 18	Purchase	90	units	@ $61.20 per unit
March 25	Purchase	160	units	@ $63.20 per unit
March 29	Sales				140	units	@ $96.20 per unit
	Totals	590	units		410	units

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