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 Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 190 units @ $52.80 per unit Mar. 5 Purchase 270 units @ $57.80 per unit Mar. 9 Sales
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 Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 190 units @ $52.80 per unit Mar. 5 Purchase 270 units @ $57.80 per unit Mar. 9 Sales
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 | Units Acquired at Cost | Units Sold at Retail | |||||||||
| Mar. | 1 | Beginning inventory | 190 | units | @ $52.80 per unit | |||||||
| Mar. | 5 | Purchase | 270 | units | @ $57.80 per unit | |||||||
| Mar. | 9 | Sales | 350 | units | @ $87.80 per unit | |||||||
| Mar. | 18 | Purchase | 130 | units | @ $62.80 per unit | |||||||
| Mar. | 25 | Purchase | 240 | units | @ $64.80 per unit | |||||||
| Mar. | 29 | Sales | 220 | units | @ $97.80 per unit | |||||||
| Totals | 830 | units | 570 | units | ||||||||
Compute cost of goods available for sale and the number of units available for sale.
Transcribed Image Text: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
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