Question

HYUCUTULIULUI (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 Sold at Retail Units Acquired at Cost 230 units @ $53.60 per unit 290 units @ $58.60 per unit 390 units @ $88.60 per unit Date Activities Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 150 units @ $63.60 per unit 280 units @ $65.60 per unit 260 units @ $98.60 per unit 650 units 950 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 Total

Answer 1

Cost of goods Available for sale No of units Cost per unit Cost of goods available for sale 230 53.60 12328 290 Beginning inventory Purchases: Mar-05 Mar-18 Mar-25 Total 150 280 9501 58.60 63.60 65.60 16994 9540 18368 57230