2. Compute the number of units in ending inventory. ...

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Accounting

2. Compute the number of units in ending inventory.

1.

Compute cost of goods available for sale and the number of units available for sale.

Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March.

Date Activities Units Acquired at Cost Units Sold at Retail
Mar. 1 Beginning inventory 150 units @ $52.00/unit
Mar. 5 Purchase 250 units @ $57.00/unit
Mar. 9 Sales 310 units @ $87.00/unit
Mar. 18 Purchase 110 units @ $62.00/unit
Mar. 25 Purchase 200 units @ $64.00/unit
Mar. 29 Sales 180 units @ $97.00/unit
Totals 710 units 490 units

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