5 Required information The following information applies to the questions displa

Question

5 Required information The following information applies to the questions displayed below] Warnerwoods Compan Check for March y uses a perpetual inventory system. It entered into the following purchases and sales transactions te ies Units 230 units $53.60 per 290 units $58.60 per Mar. 1 Beginning Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 sales inventory unit unit 390 units $88.60 unit 8 $63.60 per 150 units unit e $65.60 per unit 280 units 260 units unit 650 units Totals 950 units Required 1. Compute cost of goods available for sale and the number of unts available for sale Prev 5, 6 7 8 of9 Next >

Explanation / Answer

Compute cost of goods available for sale and no of unit :

No of unit Unit cost Cost of goods available for sales Beginning inventory 230 53.60 12328 Purchase mar 5 290 58.60 16994 Purchase mar 18 150 63.60 9540 Purchase Mar 25 280 65.60 18368 Total 950 57230

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