Question

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[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 Acquired at Cost 210 units @ $53.20 per unit 280 units @ $58.20 per unit Units Sold at Retail Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 370 units @ $88.20 per unit 140 units @ $63.20 per unit 260 units @ $65.20 per unit 890 units 240 units @ $98.20 per unit 610 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 # of units Unit for Sale Beginning inventory Purchases: March 5 March 18 March 25

Answer 1

Solution 1) Cost of Goods available for Sale Cost per Cost of Goods # of units unit available for Sale 210 $ 53.20 $ 11,172.00 Beginning Inventory Purchases : Mar-05 Mar-18 Mar-25 Total 280 140 260 890 $ 58.20 $ $ 63.20 $ $ 65.20 $ $ 16,296.00 8,848.00 16,952.00 53,268.00

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