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 Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit Required: 1. Compute cost of goods available for sale and the number of units available for sale. 85 units @ $61.00 per unit 150 units @ $63.00 per unit # of units 560 units Cost of Goods Available for Sale Cost per Cost of Goods Available Unit for Sale Units Sold at Retail 260 units @ $86.00 per unit 130 units @ $96.00 per unit 390 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 Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit Required: 1. Compute cost of goods available for sale and the number of units available for sale. 85 units @ $61.00 per unit 150 units @ $63.00 per unit # of units 560 units Cost of Goods Available for Sale Cost per Cost of Goods Available Unit for Sale Units Sold at Retail 260 units @ $86.00 per unit 130 units @ $96.00 per unit 390 units
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Required information
[The following information applies to the questions displayed below.]
Total
Date
March 1
March 5
March 9
March 18
March 25
March 29
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
for March.
Beginning inventory
Purchases:
March 5
March 18
March 25
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
Saved
Required:
1. Compute cost of goods available for sale and the number of units available for sale.
# of units
Cost per
Unit
Units Acquired at Cost
100 units @ $51.00 per unit
225 units @ $56.00 per unit
< Prev
‒‒‒‒‒‒‒‒‒‒
85 units @ $61.00 per unit
150 units @ $63.00 per unit
Cost of Goods Available for Sale
560 units
Cost of Goods Available
for Sale
3 4 5 6
of 7
Help Save & Exit
Units Sold at Retail
260 units @ $86.00 per unit
Next >
130 units @ $96.00 per unit
390 units
Subn](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F75d8f333-11d1-4432-9a73-7a65f0b6a787%2Ffeb6925d-385d-47ef-82d9-24babf0bb1c2%2Fyb6ngz_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Total
Date
March 1
March 5
March 9
March 18
March 25
March 29
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
for March.
Beginning inventory
Purchases:
March 5
March 18
March 25
Activities
Beginning inventory
Purchase
Sales
Purchase
Purchase
Sales
Totals
Saved
Required:
1. Compute cost of goods available for sale and the number of units available for sale.
# of units
Cost per
Unit
Units Acquired at Cost
100 units @ $51.00 per unit
225 units @ $56.00 per unit
< Prev
‒‒‒‒‒‒‒‒‒‒
85 units @ $61.00 per unit
150 units @ $63.00 per unit
Cost of Goods Available for Sale
560 units
Cost of Goods Available
for Sale
3 4 5 6
of 7
Help Save & Exit
Units Sold at Retail
260 units @ $86.00 per unit
Next >
130 units @ $96.00 per unit
390 units
Subn
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