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 March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 March 25 Purchase March 29 Sales Totals Purchase Units Acquired at Cost 110 units $51.20 per unit 230 units @ $56.20 per unit 90 units @ $61.20 per unit 160 units @$63.20 per unit 590 units Units Sold at Retail 270 units @ $86.20 per unit 140 units @ $96.20 per unit 410 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 Available for Sale Unit # of units 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 March 1 March 5 Activities Beginning inventory Purchase March 9 Sales March 18 March 25 Purchase March 29 Sales Totals Purchase Units Acquired at Cost 110 units $51.20 per unit 230 units @ $56.20 per unit 90 units @ $61.20 per unit 160 units @$63.20 per unit 590 units Units Sold at Retail 270 units @ $86.20 per unit 140 units @ $96.20 per unit 410 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 Available for Sale Unit # of units Beginning inventory Purchases: March 5 March 18 March 25 Total
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