Question

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 Units sold at Retail Units Acquired at Cost 150 unitse $52.00 per unit 250 units $57.00 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. Sales Mar. 18 Purehase Mar. 25 Purchase MAT. 29 Sales Totals 310 unitse $87.00 per unit 110 units 200 units $62.00 per unit $64.00 per unit 180 unitse $97.00 per unit 400 unita 710 units Problem 5-1A Part 1 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 for Sale of units Unit Beginning inventory Purchases March 5 March 18 25

Answer 1

Answer is given below

| Cost of Goods available for Sale Cost per cost of Goods # of Units Unit Available for Sale Beginning inventory 150 $52.00 $7,800 Purchase March 5 250 $57.00 $14,250 March 18 110 $62.00 $6,820 March 25 200 $64.00 $12,800 Total 710 $41,670