HW2 Q2

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 60 units 550.20 per unit Mar. 5 Purchase 205 units $55.20 per unit Mar. 9 Sales 220 units $85.20 per unit Mar. 18 Purchase 65 units@ $60.20 per unit Mar. 25 Purchase 110 units $62.20 per unit 90 units $95.20 per unit Mar. 29 Sales Totals 440 units 310 units -27 . nces 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 13 Beginning inventory Purchases March 5 March 18 March 25 Total