Question

8 Part 1 of 4 6.66 points eBook Ask Print References 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 for March. Date March 1 March 5 March 9 March 18 March 25 March 29 Total Beginning inventory Purchases: March 5 March 18 March 25 Activities Beginning inventory Purchase Sales Purchase Purchase Sales Totals Required: 1. Compute cost of goods available for sale and the number of units available for sale. # of units Cost of Goods Available for Sale 180 265 125 230 800 $ Units Acquired at Cost 180 units @ $52.60 per unit 265 units @ $57.60 per unit Cost per Cost of Goods Available for Sale Unit 52.60 $ 125 units @ $62.60 per unit 230 units @ $64.60 per unit 800 units 57.60 62.60 64.60 $ 9,468 15,264 7,825 14,858 47,415 Units Sold at Retail 340 units @ $87.60 per unit 210 units @ $97.60 per unit 550 units

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