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15 eBook Print Herences During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for
15 eBook Print Herences During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Number of Unit Date Jan. 1 Transaction Units Cont Total Cont Beginning inventory 60 $82 $ 4,920 May. 5 Nov. 3 Purchase 250 85 21,250 Purchase 200 510 90 18,000 $44,170 Weighted Average Cost Cost of Goods Available for Sale Average # of units Cost per unit Cost of Goods Available for # of units sold 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 Sold - Weighted Average Ending Inventory - Weighted Average Cost Average Cost Ending per unit Inventory Cost Average Cost Cost of Goods per Unit Sold # of units Sale in ending Inventory Beginning Inventory 60 $ 4,920 Purchases: May 5 Nov 3 Total 250 21,250 200 18,000 510 $ 44,170 $ 0.00 $ 0.00
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