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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
Fig: 1
