Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions...
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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 200 units @ $53.00 per unit 275 units @ $58.00 per unit Units Sold at Retail Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales 360 units@ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 230 units@ $98.00 per unit Totals 860 units 590 units 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 Cost of Goods # of units Unit Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost 200 units @ $53.00 per unit 275 units @ $58.00 per unit Units Sold at Retail Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales 360 units@ $88.00 per unit 135 units @ $63.00 per unit 250 units @ $65.00 per unit Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 230 units@ $98.00 per unit Totals 860 units 590 units 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 Cost of Goods # of units Unit Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total
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