cene nectmineducation.com signment O Help Save & Exit Sub Check my wo Required i

Question

cene nectmineducation.com signment O Help Save & Exit Sub Check my wo Required information Problem 6-1A Perpetual: Alternative cost flows LO P1 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 ActivitiesUnits Acquired at Cost Units Sold at Retail Mar. 1 inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales 180 units e $58.80 per unit 400 units $55.e8 per unit 420 units unit e $85.e0 per 120 units$68.00 per 209 units e 562.00 unit unit 160 units 9 $9s.ee 580 units per unit Totals 820 units

Explanation / Answer

Cost of goods available for sale is the total value of opening units and purchases which are available for sale to the customers. The following table shows the calculations

So, cost of goods available for sale is $46,600

Calculations A B C = A x B Particulars Number of units Cost per unit Cost of goods available for sale Beginning Inventory 100 50 5000 Purchases: 5-Mar 400 55 22000 18-Mar 120 60 7200 25-Mar 200 62 12400 Total 820 46600

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