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 March 29 Beginning inventory Purchases: March 5 March 18 March 25 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Acquired at Cost 110 units @ $51.20 per unit 230 units @ $56.20 per unit. # of units 90 units @ $61.20 per unit 160 units @ $63.20 per unit. Cost per Unit 590 units Cost of Goods Available for Sale Cost of Goods Available for Sale Units Sold at Retail 270 units @ $86.20 per unit 140 units @ $96.20 per unit 410 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 March 29 Beginning inventory Purchases: March 5 March 18 March 25 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Acquired at Cost 110 units @ $51.20 per unit 230 units @ $56.20 per unit. # of units 90 units @ $61.20 per unit 160 units @ $63.20 per unit. Cost per Unit 590 units Cost of Goods Available for Sale Cost of Goods Available for Sale Units Sold at Retail 270 units @ $86.20 per unit 140 units @ $96.20 per unit 410 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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