Required information Problem 5-1A (Static) 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 9 March 18 March 25 March 29 Total Problem 5-1A (Static) Part 1 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Beginning inventory Purchases: March 5 March 18 March 25 Units Acquired at Cost @$50 per unit @$55 per unit # of units 100 units 400 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost per Unit 120 units 200 units 820 units Cost of Goods Available for Sale @ $60 per unit @$62 per unit Cost of Goods Available for Sale Units Sold at Retail 420 units 160 units 580 units. @$85 per unit @$95 per unit.
Required information Problem 5-1A (Static) 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 9 March 18 March 25 March 29 Total Problem 5-1A (Static) Part 1 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Beginning inventory Purchases: March 5 March 18 March 25 Units Acquired at Cost @$50 per unit @$55 per unit # of units 100 units 400 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost per Unit 120 units 200 units 820 units Cost of Goods Available for Sale @ $60 per unit @$62 per unit Cost of Goods Available for Sale Units Sold at Retail 420 units 160 units 580 units. @$85 per unit @$95 per unit.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Required information
Problem 5-1A (Static) 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 9
March 18
March 25
March 29
Total
Problem 5-1A (Static) Part 1
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
Beginning inventory
Purchases:
March 5
March 18
March 25
Units Acquired at Cost
@ $50 per unit
@ $55 per unit
100 units
400 units
# of units
120 units
200 units
Required:
1. Compute cost of goods available for sale and the number of units available for sale.
820 units
Cost of Goods Available for Sale
@ $60 per unit
@$62 per unit
Cost per Cost of Goods Available
Unit
for Sale
Units Sold at Retail
420 units
160 units
580 units
@$85 per unit
@$95 per unit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F136a9916-8a5d-490b-a1c4-57e644d5608a%2Fb1547b0b-709a-473b-bd91-9704accba750%2F7yi6qmf_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
Problem 5-1A (Static) 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 9
March 18
March 25
March 29
Total
Problem 5-1A (Static) Part 1
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
Beginning inventory
Purchases:
March 5
March 18
March 25
Units Acquired at Cost
@ $50 per unit
@ $55 per unit
100 units
400 units
# of units
120 units
200 units
Required:
1. Compute cost of goods available for sale and the number of units available for sale.
820 units
Cost of Goods Available for Sale
@ $60 per unit
@$62 per unit
Cost per Cost of Goods Available
Unit
for Sale
Units Sold at Retail
420 units
160 units
580 units
@$85 per unit
@$95 per unit
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