Please do not give solution in image format thanku [The following information applies to the questions displayed below.]Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactionsfor March.DateMarch 1March 5March 9March 18March 25March 29Problem 5-1A (Static) Part 1TotalActivitiesBeginning inventoryPurchaseSalesPurchase.PurchaseSalesTotalsBeginning inventoryPurchases:March 5March 18March 25Units Acquired at Cost@ $50 per unit@ $55 per unit100 units400 units# of units120 units200 unitsRequired:1. Compute cost of goods available for sale and the number of units available for sale.820 unitsCost of Goods Available for Sale@ $60 per unite $62 per unitCost per Cost of Goods AvailableUnitfor SaleUnits Sold at Retail420 units $85 per unit160 units @ $95 per unit580 units

Perpetual inventory system: The system of material control on a continuous basis is while the…

[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 Problem 5-1A (Static) Part 1 Unita Acquired at Cost 100 units @ $50 per unit 400 units $55 per unit 120 units 200 units 820 unita e $60 per unit e $62 per unit Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Unita Sold at Retail 420 units $85 per unit 160 unita 580 units $95 per unit

[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 Problem 5-1A (Static) Part 1 Unita Acquired at Cost 100 units @ $50 per unit 400 units $55 per unit 120 units 200 units 820 unita e $60 per unit e $62 per unit Required: 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Unita Sold at Retail 420 units $85 per unit 160 unita 580 units $95 per unit

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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