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3 During the year, Wright Company sells 400 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. 100
3 During the year, Wright Company sells 400 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. 100 points 03:03:24 Date Jan. 1 Beginning inventory May. 5 Purchase Nov. 3 Purchase Transaction Weighted Average Cost Beginning Inventory Purchases: May 5 Nov.3 Total 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.) # of units Number of Units 50 230 160 440 Cost of Goods Available for Sale Cost of Goods Available for Sale 50 230 160 440 Average Cost per unit Unit Cost $78 81 86 $ $ 3,900 Total Cost $ 3,900 18,630 13,760 $36,290 18,630 13,760 36,290 Cost of Goods Sold - Weighted Average Cost # of units Average Cost Cost of Goods sold per Unit Sold Ending Inventory - Weighted Average Cost # of units in ending inventory Average Cost per unit Ending Inventory
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