Problem 5-1A (Static) Perpetual: Alternative cost flows LO P1

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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
March 1	Beginning inventory	100	units	@ $50 per unit
March 5	Purchase	400	units	@ $55 per unit
March 9	Sales				420	units	@ $85 per unit
March 18	Purchase	120	units	@ $60 per unit
March 25	Purchase	200	units	@ $62 per unit
March 29	Sales				160	units	@ $95 per unit
	Totals	820	units		580	units

Problem 5-1A (Static) Part 1

Required:

1. Compute cost of goods available for sale and the number of units available for sale.