Question

1 Required information [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 of 4 for March Units Sold at Retail 159:22 Mar. Date Activities Har. 1 Beginning inventory Mar. 5 Purchase 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals Units Acquired at Cost 80 units $50.60 per unit 215 units 555.60 per unit 75 units $60.60 per unit 130 units $62.60 per unit 240 units $85.60 per unit 110 units $95.60 per unit 350 units 500 units 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 of Goods Available Unit for Sale Cost per Beginning inventory Purchases 1 2 3 4 of 7 8 Next >

Answer 1

1
	Cost of goods available for sale
	# of units	Cost per unit	Cost of goods available for sale
Beginning inventory	80	50.60	4048
Purchases:
March 5	215	55.60	11954
March 18	75	60.60	4545
March 25	130	62.60	8138
Total	500		28685