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.

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

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Answer 1

Answer #1

Solution 1:

Computation of units and cost of goods available for sale
Date	Units available for sale	Rate	Cost of goods available for sale
1-Jan	170	$52.40	$8,908.00
5-Mar	280	$57.40	$16,072.00
18-Mar	120	$62.40	$7,488.00
25-Mar	220	$64.40	$14,168.00

Total	790		$46,636.00

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Answer 2

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