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 Units Sold at Retail March 5 Activities Beginning inventory Purchase Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit March 9 Sales 260 units @ $86.00 per unit March 18 Purchase March 25 85 units @$61.00 per unit 150 units @ $63.00 per unit 560 units 130 units @ $96.00 per unit 390 units March 29 Purchase Sales Totals Required: Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total # 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 March 1 Units Sold at Retail March 5 Activities Beginning inventory Purchase Units Acquired at Cost 100 units @ $51.00 per unit 225 units @ $56.00 per unit March 9 Sales 260 units @ $86.00 per unit March 18 Purchase March 25 85 units @$61.00 per unit 150 units @ $63.00 per unit 560 units 130 units @ $96.00 per unit 390 units March 29 Purchase Sales Totals Required: Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total # 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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