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 250 units@ $54.00 per unit Mar. 5 Purchase 300 units @ $59.00 per unit Mar. 9 Sales 410 units @ $89.00 per unit Mar. 18 Purchase 160 units @ $64.00 per unit Mar. 25 Purchase 300 units @ $66.00 per unit Mar. 29 Sales 280 units @ $99.00 per unit Totals 1,010 units 690 units 1. compute the cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available Beginning inventory _______ ___________ Purchases March 5 ________ ___________ March 18 ________ ___________ Mrch 25 ________ ___________
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 250 units@ $54.00 per unit
Mar. 5 Purchase 300 units @ $59.00 per unit
Mar. 9 Sales 410 units @ $89.00 per unit
Mar. 18 Purchase 160 units @ $64.00 per unit
Mar. 25 Purchase 300 units @ $66.00 per unit
Mar. 29 Sales 280 units @ $99.00 per unit
Totals 1,010 units 690 units
1. compute the cost of goods available for sale and the number of units available for sale.
Cost of Goods Available for Sale
# of units Cost per unit Cost of Goods Available
Beginning inventory _______ ___________
Purchases
March 5 ________ ___________
March 18 ________ ___________
Mrch 25 ________ ___________
Total _________ ____________
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