2 nts eBook Print References uring the year, Wright Company sells 475 remote-control airplanes for $120...

Transcribed Image Text:

2 nts eBook Print References uring the year, Wright Company sells 475 remote-control airplanes for $120 each. The company has the following inventory purchase ansactions for the year. Number of Unit Total Date Jan. 1 Transaction Units Coat Cost Beginning inventory 40 $71 $2,840 May. 5 Purchase 255 74 18,870 Nov. 3 Purchase 205 500 79 16,195 $37,905 alculate ending inventory and cost of goods sold for the year, assuming the company uses weighted-average cost. (Round your verage cost per unit to 4 decimal places.) Cost Cost of Goods Available for Sale Cost of Goods Sold-Weighted Average Ending Inventory-Weighted Average Weighted Average Cost Average # of units Cost per Cost of Goods Available for # of units Average Cost sold per Unit Cost of Goods Sold unit Sale # of units in ending Inventory Cost Average Cost per unit Ending Inventory Beginning Inventory 40 $ 2,840 Purchases May 51 Nov 3 Total 255 18,870 205 16,195 500 $ 37,905 S S 475 25 $ 35,930.0000 17,066,750.00 79.0000 $1,975.00 2 nts eBook Print References uring the year, Wright Company sells 475 remote-control airplanes for $120 each. The company has the following inventory purchase ansactions for the year. Number of Unit Total Date Jan. 1 Transaction Units Coat Cost Beginning inventory 40 $71 $2,840 May. 5 Purchase 255 74 18,870 Nov. 3 Purchase 205 500 79 16,195 $37,905 alculate ending inventory and cost of goods sold for the year, assuming the company uses weighted-average cost. (Round your verage cost per unit to 4 decimal places.) Cost Cost of Goods Available for Sale Cost of Goods Sold-Weighted Average Ending Inventory-Weighted Average Weighted Average Cost Average # of units Cost per Cost of Goods Available for # of units Average Cost sold per Unit Cost of Goods Sold unit Sale # of units in ending Inventory Cost Average Cost per unit Ending Inventory Beginning Inventory 40 $ 2,840 Purchases May 51 Nov 3 Total 255 18,870 205 16,195 500 $ 37,905 S S 475 25 $ 35,930.0000 17,066,750.00 79.0000 $1,975.00