Question: 4 Required information Problem 5-2AA Periodic: Alternative cost flows LO P3 (The following information applies to the questions displayed below) Warnerwoods Company uses a periodic
4 Required information Problem 5-2AA Periodic: Alternative cost flows LO P3 (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 od Unita Sold at Retail Mar. Date Activities 1 Beginning Inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Unita Acquired at Coat 185 units $75 per unit 485 units 580 per unit 290 unita $85 per unit 370 units $87 per unit 505 units. $110 per unit 1,330 units 330 units $120 per unit 835 unita For specific identification, the March 9 sale consisted of 40 units from beginning inventory and 465 units from the March 5 purchase, the March 29 sale consisted of 125 units from the March 18 purchase and 205 units from the March 25 purchase. Problem 5-2AA Part 1 Required. 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost per of Units Cost of Goode Available Unit for Sale $ 0 0 Beginning inventory Purchases March 6 March 18 March 25 Total 0 0
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