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4 During the year, Wright Company sells 520 remote-control airplanes for $100 each. The company has the following Inventory purchase transactions for the year. 12
4 During the year, Wright Company sells 520 remote-control airplanes for $100 each. The company has the following Inventory purchase transactions for the year. 12 points 00:35:57 Date January 1 May S November 3 Weighted Average Cost Beginning Inventory Purchases 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.) May 5 November 3 Transaction Beginning inventory Purchase Purchase Cost of Goods Available for Sale Number of units 50 275 225 550 Average Cost per unit Number of Units 50 275 225 550 Cost of Goods Available for Sale $ $ 3,350 Unit Cost $67 70 75 19,250 16,875 39,475 Total Cost $3,350 19,250 16,875 $39,475 Cost of Goods Sold - Weighted Average Cost Number of units sold Average Cost per Unit Cost of Goods Sold Ending Inventory - Weighted Average Cost Number of units in ending inventory Average Cost per unit Ending Inventory
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