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as ces During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year.
as ces During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date January 1 May 5 November 3 Transaction Beginning inventory Purchase Purchase Weighted Average Cost 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.) Beginning Inventory Purchases: May 5 November 3 Total Cost of Goods Available for Sale Number of units 60 250 200 510 Number of Unit Units Cost 60 $82 250 85 200 90 510 + Average Cost per unit Cost of Goods Available for Sale $ $ 4,920 Total Cost $4,920 21,250 18,000 $44,170 21,250 18,000 44,170 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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