Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 Activities Beginning inventory Purchase March 5 March 9 Sales March 18 Purchase March 25 Purchase March 29 Sales Totals Units Acquired at Cost 130 units @ $51.60 per unit 240 units @ $56.60 per unit Units Sold at Retail 290 units @ $86.60 per unit 100 units @ $61.60 per unit 180 units @ $63.60 per unit 650 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Available for Sale # of units Cost per Unit Cost of Goods Available for Sale 160 units @ $96.60 per unit 450 units

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date March 1 Activities Beginning inventory Purchase March 5 March 9 Sales March 18 Purchase March 25 Purchase March 29 Sales Totals Units Acquired at Cost 130 units @ $51.60 per unit 240 units @ $56.60 per unit Units Sold at Retail 290 units @ $86.60 per unit 100 units @ $61.60 per unit 180 units @ $63.60 per unit 650 units Required: 1. Compute cost of goods available for sale and the number of units available for sale. Beginning inventory Purchases: March 5 March 18 March 25 Total Cost of Goods Available for Sale # of units Cost per Unit Cost of Goods Available for Sale 160 units @ $96.60 per unit 450 units

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...

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