Question: transaction for March 29 why id the answer NOT 200 ? if none of those bikes were sold? pls explain & help. Required information Problem

 transaction for March 29 why id the answer NOT 200 ?
if none of those bikes were sold? pls explain & help. Required
information Problem 5-1A Perpetual: Alternative cost flows LO P1 [The following information
transaction for March 29 why id the answer NOT 200 ? if none of those bikes were sold? pls explain & help.

Required information Problem 5-1A 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 Har Beginning inventory 10 units $50.00 per unit 5 Purchase 400 units @ $55.00 per unit Mar. 9 Sales 420 units @ $85.00 per unit Mar. 18 Purchase 120 units@ $60.00 per unit Mar. 25 Purchase 200 units 562,00 per unit Mar 29 Sales 160 units 595.00 per unit Totals 820 units 50 units Mar. Problem 5.1A Part 3 Perpetual FIFO: Cost of Goods Sold Goods Purchased # of Cost per units unit # of units sold Cost per Cost of Goods Sold Date Inventory Balance Cost per # of units Inventory Balance unit 100 5 50.00 = $5,000.00 unit ok March 1 March 5 400 @ $55.00 100 400 $ 50 00= $ 5500 - $ 5,000.00 22.000.00 $ 27.000.00 ces March 9 $ 100 320 $50.00 $ 55.00 5,000.00 17,600.00 22.600.00 0 @ 80 @ $ 50.00 5.55 00 4.400.00 $ 4,400.00 $ March 18 120 @ $ 60.00 ole 80 @ 1201 550.00 $ 5500 $ 60.00 4400 00 7,200.00 $ 11,600.00 DUUUU 3 of 4 March 25 200 @ $ 62.00 0 @ 80 120 200 $ 50 00 $ 5500 = $ 60.00 $ 6200 4.400.00 7.200.00 12 400 00 $ 24 000 00 March 29 0 look 80 @ 801 $50.00 $ 5500 $ 60.00 $ 6200 0 0 401 200 4.400.00 4,800.00 4,960.00 14,160.00 Print $ 50.00 $ 5500 $ 6000 5 62 00 = 100001 erences 2.400.00 12.400.00 S 14 800 00 @ $ Totals $ 36.760.00 $ 14,800.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!