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During the year, Wright Company sells 370 remote-control airplanes for $100 cach. The company has the following inventory purchase transactions for the year. Date Transaction

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During the year, Wright Company sells 370 remote-control airplanes for $100 cach. The company has the following inventory purchase transactions for the year. Date Transaction Jan. 1 Beginning inventory May. S Purchase Nov. 3 Purchase Number of Unit Units Cost 50 $75 215 78 130 83 395 Total Cost $3,750 16.770 10,790 $31,310 Cont Available for 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.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Ending Inventory - Weighted Average Cost Cost Weighted Average Average cost of Goods of units Average Cost Cost of Goods # of units Ending Average Cost in ending of units Cost per per unit per Unit Sale Inventory Inventory Beginning Inventory 3.750 Purchases Mays 16.770 10,790 Total 31.310 0.00 sold Sold unit 50 $ 215 Now $ 130 395 $ 000 $

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