Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Activities Units Acquired at Cost 80 units @ $50.60 per unit 215 units @ $55.60 per unit Date Units Sold at Retail 1 Beginning inventory Mar. 5 Purchase 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Mar. Mar. 240 units @ $85.60 per unit 75 units @ $60.60 per unit 130 units @ $62.60 per unit 110 units @ $95.60 per unit Totals 500 units 350 units Problem 5-1A Part 1 Eequired: .Compute cost of goods available for sale and the number of units available for sale.
Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Activities Units Acquired at Cost 80 units @ $50.60 per unit 215 units @ $55.60 per unit Date Units Sold at Retail 1 Beginning inventory Mar. 5 Purchase 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Mar. Mar. 240 units @ $85.60 per unit 75 units @ $60.60 per unit 130 units @ $62.60 per unit 110 units @ $95.60 per unit Totals 500 units 350 units Problem 5-1A Part 1 Eequired: .Compute cost of goods available for sale and the number of units available for sale.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
for March.
Activities
Units Acquired at Cost
80 units @ $50.60 per unit
215 units @ $55.60 per unit
Date
Units Sold at Retail
1 Beginning inventory
Mar.
5 Purchase
9 Sales
Mar. 18 Purchase
Mar. 25 Purchase
Mar. 29 Sales
Mar.
Mar.
240 units @ $85.60 per unit
75 units @ $60.60 per unit
130 units @ $62.60 per unit
110 units @ $95.60 per unit
Totals
500 units
350 units
Problem 5-1A Part 1
Eequired:
.Compute cost of goods available for sale and the number of units available for sale.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2fe6dd4c-8b2a-4dd5-b4ef-1c694ef087d0%2Fb0c44b6a-77f0-4e43-a13e-eecb72f434d7%2Fdhnwd5w.jpeg&w=3840&q=75)
Transcribed Image Text:Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions
for March.
Activities
Units Acquired at Cost
80 units @ $50.60 per unit
215 units @ $55.60 per unit
Date
Units Sold at Retail
1 Beginning inventory
Mar.
5 Purchase
9 Sales
Mar. 18 Purchase
Mar. 25 Purchase
Mar. 29 Sales
Mar.
Mar.
240 units @ $85.60 per unit
75 units @ $60.60 per unit
130 units @ $62.60 per unit
110 units @ $95.60 per unit
Totals
500 units
350 units
Problem 5-1A Part 1
Eequired:
.Compute cost of goods available for sale and the number of units available for sale.
![](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2fe6dd4c-8b2a-4dd5-b4ef-1c694ef087d0%2Fb0c44b6a-77f0-4e43-a13e-eecb72f434d7%2Fe7gx7y.jpeg&w=3840&q=75)
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