Accounting

Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 [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 Activities Units Acquired at Cost Units Sold at Retail Mar. 1 Beginning inventory 150 units @ $52.00 per unit Mar . 5 Purchase 250 units @ $57.00 per unit Mar. 9 Sales 310 units @ $87.00 per unit Mar. 18 Purchase 110 units @ $62.00 per unit Mar. 25 Purchase 200 units @ $64.00 per unit Mar. 29 Sales 180 units @ $97.00 per unit Totals 710 units 490 units Problem 6-1A 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 # of units Cost per Cost of Goods Available Unit for Sale Beginning inventory Purchases March 5 March 18 March 25 Total