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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1d3f9d32-ab4d-4aaf-81f1-7f99b9740404%2F63ce54b1-f0c4-4e4b-95a7-e6eb9afe3074%2F8mbuo2_processed.png&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.
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
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