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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 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Beginning inventory Purchases: March 5 March 18 March 25 Units Acquired at Cost @ $53.40 per unit @ $58.40 per unit # of units 220 units. 285 units. Cost per Unit 145 units. 270 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. 920 units Cost of Goods Available for Sale @ $63.40 per unit. @ $65.40 per unit. Cost of Goods Available for Sale Units Sold at Retail. 380 units @ $88.40 per unit 250 units @ $98.40 per unit 630 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. Date March 1 March 5 March 9 March 18 March 25 March 29 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Beginning inventory Purchases: March 5 March 18 March 25 Units Acquired at Cost @ $53.40 per unit @ $58.40 per unit # of units 220 units. 285 units. Cost per Unit 145 units. 270 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. 920 units Cost of Goods Available for Sale @ $63.40 per unit. @ $65.40 per unit. Cost of Goods Available for Sale Units Sold at Retail. 380 units @ $88.40 per unit 250 units @ $98.40 per unit 630 units

FINANCIAL ACCOUNTING
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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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 March 9 March 18 March 25 March 29 Beginning inventory Purchases: March 5 March 18 March 25 Activities Beginning inventory Purchase Sales Total Purchase Purchase Sales Totals Units Acquired at Cost 220 units @ $53.40 per unit 285 units @ $58.40 per unit 145 units 270 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. # of units 920 units Cost of Goods Available for Sale @ $63.40 per unit! @ $65.40 per unit Cost per Cost of Goods Available Unit for Sale Units Sold at Retail 380 units@ $88.40 per unit 250 units @ $98.40 per unit 630 units 4
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 March 9 March 18 March 25 March 29 Beginning inventory Purchases: March 5 March 18 March 25 Activities Beginning inventory Purchase Sales Total Purchase Purchase Sales Totals Units Acquired at Cost 220 units @ $53.40 per unit 285 units @ $58.40 per unit 145 units 270 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. # of units 920 units Cost of Goods Available for Sale @ $63.40 per unit! @ $65.40 per unit Cost per Cost of Goods Available Unit for Sale Units Sold at Retail 380 units@ $88.40 per unit 250 units @ $98.40 per unit 630 units 4
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