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 Units Sold at Retail March 5 Activities Beginning inventory Purchase Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit March 9 Sales 260 units @ $86.00 per unit March 18 Purchase March 25 85 units @$61.00 per unit 150 units @ $63.00 per unit 560 units 130 units @ $96.00 per unit 390 units March 29 Purchase Sales Totals Required: Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total # 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 Units Sold at Retail March 5 Activities Beginning inventory Purchase Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit March 9 Sales 260 units @ $86.00 per unit March 18 Purchase March 25 85 units @$61.00 per unit 150 units @ $63.00 per unit 560 units 130 units @ $96.00 per unit 390 units March 29 Purchase Sales Totals Required: Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total # of units Cost per Unit Cost of Goods Available for Sale
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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
Activities
March 1
March 5
Beginning inventory
Purchase
Units Acquired at Cost
100 units @ $51.00 per unit
225 units @ $56.00 per unit
Units Sold at Retail
March 9
Sales
260 units @ $86.00 per unit
March 18
Purchase
March 25
Purchase
March 29
Sales
Totals
85 units @ $61.00 per unit
150 units @ $63.00 per unit
560 units
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
S
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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
Activities
March 1
March 5
Beginning inventory
Purchase
Units Acquired at Cost
100 units @ $51.00 per unit
225 units @ $56.00 per unit
Units Sold at Retail
March 9
Sales
260 units @ $86.00 per unit
March 18
Purchase
March 25
Purchase
March 29
Sales
Totals
85 units @ $61.00 per unit
150 units @ $63.00 per unit
560 units
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
S
Next >
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