! 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 Activities March 1 March 5 Beginning inventory Purchase Units Acquired at Cost 210 units @ $53.20 per unit 280 units @ $58.20 per unit Units Sold at Retail March 9 Sales 370 units @ $88.20 per unit March 18 March 25 Purchase Purchase 140 units @ $63.20 per unit 260 units @ $65.20 per unit March 29 Sales Totals 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. 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
! 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 Activities March 1 March 5 Beginning inventory Purchase Units Acquired at Cost 210 units @ $53.20 per unit 280 units @ $58.20 per unit Units Sold at Retail March 9 Sales 370 units @ $88.20 per unit March 18 March 25 Purchase Purchase 140 units @ $63.20 per unit 260 units @ $65.20 per unit March 29 Sales Totals 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. 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
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter20: Accounting For Inventory
Section: Chapter Questions
Problem 3AP
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