Problem 5-1A (Algo) Part 1 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 # of units Cost per Unit Cost of Goods Available for Sale
Problem 5-1A (Algo) Part 1 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 # of units Cost per Unit Cost of Goods Available for Sale
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Problem 5-1A (Algo) Part 1
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
# of units
Cost per
Unit
Cost of Goods Available
for Sale
![Required information
Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1
[The following information applies to the questions displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
for March.
Date
March 1
March 5
March 91
March 18
March 25
March 29
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
Units Acquired at Cont
$54.00 per unit
$59.00 per unit
250 units
300 units
160 units
300 units
1,010 unita
@ $64.00 per unit
$66.00 per unit
Units Sold at Retail
410 units @ $89.00 per unit
280 units $99.00 per unit
690 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0534ec32-ff57-4419-b82b-a555869fd98a%2F1b5ce05b-ac75-472c-b0f5-3569172808d1%2Fr9z0bwoq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Problem 5-1A (Algo) Perpetual: Alternative cost flows LO P1
[The following information applies to the questions displayed below.]
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
for March.
Date
March 1
March 5
March 91
March 18
March 25
March 29
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
Units Acquired at Cont
$54.00 per unit
$59.00 per unit
250 units
300 units
160 units
300 units
1,010 unita
@ $64.00 per unit
$66.00 per unit
Units Sold at Retail
410 units @ $89.00 per unit
280 units $99.00 per unit
690 units
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