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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
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 Weighted Average Cost Beginning Inventory Purchases Transaction Beginning inventory Purchase Purchase May 5 November 3 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.) Total Cost of Goods Available for Sale Number of units 60 Number of Units 60 250 200 510 250 200 5103 Average Cost per unit Cost of Goods Available for Sale $ Unit Cost $82 85 90 S A 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 $ 0.00 Ending Inventory - Weighted Average Cost Number of units in ending inventory Average Cost per unit $ Ending Inventory 0.00
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