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0.62 points During the year, Wright Company sels 380 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the yea
0.62 points During the year, Wright Company sels 380 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the yea Date an. 1Beginning inventory May 5 Purchase Nov. 3 Purchase of Units 50 200 150 Unit Cast Total Cost S72 S 3,600 75 80 12.000 400 S 30,600 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO Cost of Goods Avallable for Sale t of Goode Sold Ending Inventory Average # of units cost per Coet of Goods AverageCost of | # of unit cost per unit ! Goode Sold |#ot unit Coate-Ending unit per unlt for Sale S 72S S 72 S 3,600 May 5 Now. 3 12.000 S 80 Total S 30.800 S 29,00 References eBook & Resources
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