Required information [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 Total Date March 1 March 5 March 9 March 18. March 25 Harch 201 Beginning inventory Purchases March 5 March 18 March 25 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost @ $54.00 per unit @ $59.00 per unit 250 units 300 units # of units 160 units 300 units Required: 1. Compute cost of goods available for sale and the number of units available for sale 1,010 units Cost of Goods Available for Sale @ $64.00 per unit @566.00 per unit Cost per Cost of Goods Available Unit for Sale Units Sold at Retail 410 units @ $89.00 per unit. 200 units @ $99.00 per unit 690 units

Required information [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 Total Date March 1 March 5 March 9 March 18. March 25 Harch 201 Beginning inventory Purchases March 5 March 18 March 25 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost @ $54.00 per unit @ $59.00 per unit 250 units 300 units # of units 160 units 300 units Required: 1. Compute cost of goods available for sale and the number of units available for sale 1,010 units Cost of Goods Available for Sale @ $64.00 per unit @566.00 per unit Cost per Cost of Goods Available Unit for Sale Units Sold at Retail 410 units @ $89.00 per unit. 200 units @ $99.00 per unit 690 units

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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