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1 During the year. Wright Company sells 525 remote control airplanes for $110 each. The company has the following inventory purchase transactions for the year,
1 During the year. Wright Company sells 525 remote control airplanes for $110 each. The company has the following inventory purchase transactions for the year, Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Unit Units Cost 60 $ 66 280 69 230 74 570 Total Cost $ 3,960 19,320 17,020 $40,300 Book rences Calculate ending Inventory and cost of goods sold for the year, assuming the company uses weighted-average cost. (Round your average cost per unit to 4 decimal places.) Cost of Goods Available for sale Coutor Goods sold - Weighted Averagerdina inventory - Weighted Avernog Weighted Average CON Cost Cost Average Cost of Goods Hof units Cost per of units Available for w of units Average Cost Cost of Goods Average Cost Ending unit in ending Sale sold per Unit Sold Inventory per unit Inventory Beginning inventory 5 3,960 Purchases May 5 19,320 Nov 3 230 17,020 Total 40.300 $ 0.00 5 0.00 60 280 570 $
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