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. Date March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 March 25 Purchase Purchase March 29 Sales Totals Units Acquired at Cost 110 units @ $51.20 per unit 230 units @ $56.20 per unit 90 units @ $61.20 per unit 160 units @ $63.20 per unit Units Sold at Retail 270 units @ $86.20 per unit 590 units 140 units @ $96.20 per unit 410 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 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. Date March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 March 25 Purchase Purchase March 29 Sales Totals Units Acquired at Cost 110 units @ $51.20 per unit 230 units @ $56.20 per unit 90 units @ $61.20 per unit 160 units @ $63.20 per unit Units Sold at Retail 270 units @ $86.20 per unit 590 units 140 units @ $96.20 per unit 410 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 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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![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.
Date
March 1
March 5
Activities
Beginning inventory
Purchase
Units Acquired at Cost
110 units @ $51.20 per unit
230 units @ $56.20 per unit
March 9
Sales
March 18
Purchase
March 25
Purchase
March 29
Sales
Totals
Units Sold at Retail
270 units @ $86.20 per unit
90 units @ $61.20 per unit
160 units @ $63.20 per unit
590 units
140 units @ $96.20 per unit
410 units
Required:
1. Compute cost of goods available for sale and the number of units available for sale.
Cost of Goods Available for Sale
# of units
Beginning inventory
Purchases:
March 5
March 18
March 25
Total
Cost per
Unit
Cost of Goods Available
for Sale](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffcb5f897-852d-4b4c-b965-460070435066%2F6c17f807-6e56-4237-9ee1-9ab816d50afc%2Fosjmmlt_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.
Date
March 1
March 5
Activities
Beginning inventory
Purchase
Units Acquired at Cost
110 units @ $51.20 per unit
230 units @ $56.20 per unit
March 9
Sales
March 18
Purchase
March 25
Purchase
March 29
Sales
Totals
Units Sold at Retail
270 units @ $86.20 per unit
90 units @ $61.20 per unit
160 units @ $63.20 per unit
590 units
140 units @ $96.20 per unit
410 units
Required:
1. Compute cost of goods available for sale and the number of units available for sale.
Cost of Goods Available for Sale
# of units
Beginning inventory
Purchases:
March 5
March 18
March 25
Total
Cost per
Unit
Cost of Goods Available
for Sale
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