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Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales...

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Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Units Sold at Retail Units Acquired at Cost 130 units @ $65 per unit 430 units @ $70 per unit 450 units @ $100 per unit Date Activities Mar 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Totals 180 units @ $75 per unit 260 units @ $77 per unit 220 units @ $110 per unit 670 units 1,000 units For specific identification, the March 9 sale consisted of 70 units from beginning inventory and 380 units from the March 5 purchase; the March 29 sale consisted of 70 units from the March 18 purchase and 150 units from the March 25 purchase. Required. 1. Compute cost of goods available for sale and the number of units available for sale. Cost of Goods Available for Sale Cost per Cost of Goods # of Units Unit Available for Sale Beginning inventory Purchases: March 5 March 18 March 25 Total

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