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. Activities Beginning inventory Purchase Date March 1 March 5 March 9 Sales March 18 March 25 Purchase Purchase March 29 Sales Totals Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit 85 units @ $61.00 per unit 150 units @ $63.00 per unit 560 units Units Sold at Retail 260 units @ $86.00 per unit 130 units @ $96.00 per unit 390 units 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 [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. Activities Beginning inventory Purchase Date March 1 March 5 March 9 Sales March 18 March 25 Purchase Purchase March 29 Sales Totals Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit 85 units @ $61.00 per unit 150 units @ $63.00 per unit 560 units Units Sold at Retail 260 units @ $86.00 per unit 130 units @ $96.00 per unit 390 units 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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Question
Dengar
![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.
Activities
Beginning inventory
Purchase
Date
March 1
March 5
March 9
Sales
March 18
March 25
Purchase
Purchase
March 29
Sales
Totals
Units Acquired at Cost
100 units @ $51.00 per unit
225 units @ $56.00 per unit
85 units @ $61.00 per unit
150 units @ $63.00 per unit
560 units
Units Sold at Retail
260 units @ $86.00 per unit
130 units @ $96.00 per unit
390 units
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F978117cc-d2a9-4df7-9bad-294d4120562d%2F614a93ae-2a40-4ba0-85c4-210fcbb0ce26%2Fpad0jc8_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.
Activities
Beginning inventory
Purchase
Date
March 1
March 5
March 9
Sales
March 18
March 25
Purchase
Purchase
March 29
Sales
Totals
Units Acquired at Cost
100 units @ $51.00 per unit
225 units @ $56.00 per unit
85 units @ $61.00 per unit
150 units @ $63.00 per unit
560 units
Units Sold at Retail
260 units @ $86.00 per unit
130 units @ $96.00 per unit
390 units
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
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