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During 2015, Wright Company sells 390 remote control airplanes for $120 each. The company has the following inventory purchase transactions for 2015. Date Transaction Number
During 2015, Wright Company sells 390 remote control airplanes for $120 each. The company has the following inventory purchase transactions for 2015. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 40 $77 $ 3,080 May 5 Purchase 225 80 18,000 Nov. 3 Purchase 150 85 12,750 415 $ 33,830 Calculate ending inventory and cost of goods sold for 2015, assuming the company uses weighted-average cost. (Round your average cost per unit to 4 decimal places.)
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