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1.0.90 points During 2015, Wright Company sells 550 remote control airplanes for $100 each. The company has the following inventory purchase transactions for 2015 Date
1.0.90 points During 2015, Wright Company sells 550 remote control airplanes for $100 each. The company has the following inventory purchase transactions for 2015 Date Jan. 1 May 5 Nov. 3 Number of Units 50 290 240 Unit Cost Total Cost Beginning inventory Purchase Purchase S64 S 3,200 19,430 17,280 67 72 580 S 39,910 Calculate ending inventory and cost of goods sold for 2015, assuming the company uses weighted-average cost. (Round your average cost per unit to 4 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold-Weighted Ending Inventory-Weighted Average Average Cost Cost Weighted Average Cost # of units | Average | Ending Cost per unit of Goods AverageCost Cost per # of units | Cost per Average # of units Available for in ending inventory Goods Sold Inventory sold unit Sale Unit Beginning Inventory Purchases 50 3,200 May 5 Nov.3 290 240 580 19,430 17.280 39,910 Total
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