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During the year, Wight Company sells 450 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year Number of

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During the year, Wight Company sells 450 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year Number of Units t Cost Total Cost $70 3 3,900 18,630 5.480 Beginning inventory 50 230 180 81 86 May 5 Purchase Nov. 3 Purchase 400 3 010 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units S/unit # of units | Sunit e of units S/unit $ 78 s 3.000 0 S 78 Beginning Inventory Purchases 3.900 18.030230 18.400 8.030 May 5 Nov. 3 230 s S 88 5 38,010 22.530 480 280 Total

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