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ts Print ferences Required information [The following information applies to the questions displayed below) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date March 1 March 5 March March 18 March 25 March 29 Activities. Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 180 units @ $70 per unit 480 units @ $75 per unit 280 units @ $80 per unit 360 units @ $82 per unit 1,300 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Sold at Retail For specific identification, units sold include 90 units from beginning inventory, 410 units from the March 5 purchase, 1201 units from the March 18 purchase, and 200 units from the March 25 purchase. Cost of Goods Available for Sale C Cost per Cost of Goods Arab see units @ $105 per unit 320 units @ $115 per unit. 820 units

ts Print ferences Required information [The following information applies to the questions displayed below) Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March Date March 1 March 5 March March 18 March 25 March 29 Activities. Beginning inventory Purchase Sales Purchase Purchase Sales Totals Units Acquired at Cost 180 units @ $70 per unit 480 units @ $75 per unit 280 units @ $80 per unit 360 units @ $82 per unit 1,300 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Sold at Retail For specific identification, units sold include 90 units from beginning inventory, 410 units from the March 5 purchase, 1201 units from the March 18 purchase, and 200 units from the March 25 purchase. Cost of Goods Available for Sale C Cost per Cost of Goods Arab see units @ $105 per unit 320 units @ $115 per unit. 820 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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11014 Rook Required information [The following information applies to the questions displayed below) Warnerwoods Company uses a periodic 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 March 18 March 25 Patal Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Acquired at Cost 180 units @ $70 per unit 400 units @ $75 per unit 280 units @ $80 per unit 360 units @ $82 per unit 1,300 units For specific identification, units sold include 90 units from beginning inventory, 410 units from the March 5 purchase, 120 units from the March 18 purchase, and 200 units from the March 25 purchase. of Units Cost of Goods Available for Sale Al Cost per Cost of Goods Available $ UN for Sal Units Sold at Retail D 01 see units @ $105 per unit 320 units @ $115 per unit i 820 units
Transcribed Image Text:11014 Rook Required information [The following information applies to the questions displayed below) Warnerwoods Company uses a periodic 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 March 18 March 25 Patal Required: 1. Compute cost of goods available for sale and the number of units available for sale. Units Acquired at Cost 180 units @ $70 per unit 400 units @ $75 per unit 280 units @ $80 per unit 360 units @ $82 per unit 1,300 units For specific identification, units sold include 90 units from beginning inventory, 410 units from the March 5 purchase, 120 units from the March 18 purchase, and 200 units from the March 25 purchase. of Units Cost of Goods Available for Sale Al Cost per Cost of Goods Available $ UN for Sal Units Sold at Retail D 01 see units @ $105 per unit 320 units @ $115 per unit i 820 units
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