Score:7out of 7 points (100%)6.award:0.70 out of0.70 pointsYou received credit for this question in a previous attempt[The following information applies to the questions displayed below.]Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases andsales transactions for March.DateActivitiesUnits Acquired at CostUnits Sold at RetailMar.1 Beginning inventory100 units @ $51.00/unitMar.5 Purchase225 units @ $56.00/unitMar.9 Sales260 units@ $86.00/unitMar. 18 Purchase85 units @ $61.00/unitMar. 25 Purchase150 units @ $63.00/unitMar. 29 Sales130 units@ $96.00/unitTotals560 units 390 unitsrev: 03_20_2013_QC_27089, 04_17_2013_QC_29162, 11_25_2013_QC_41127Required:1.Compute cost of goods available for sale and the number of units available for sale.
Expanded tableLearning Objective: 05-P1 Compute inventory in a perpetualsystem using the methods of specific identification, FIFO,LIFO, and weighted average.Required:1.Compute cost of goods available for sale and the number of units available for sale.