Homework Help: accounting

Posted by Julie on Thursday, November 22, 2012 at 12:07am.

Anthony 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

170

units

@ $52.40/unit

Mar.

5

Purchase

260

units

@ $57.40/unit

Mar.

9

Sales

330 units

@ $87.40/unit

Mar.

18

Purchase

120

units

@ $62.40/unit

Mar.

25

Purchase

220 units

@ $64.40/unit

Mar.

29

Sales

200 units

@ $97.40/unit

Totals

770 units

530 units

accounting - Julie, Thursday, November 22, 2012 at 12:11am
Compute cost of goods available for sale and the number of units available for sale.

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