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During the year, Wright Company sells 370 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Calculate ending
During the year, Wright Company sells 370 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification. The company's actual sales include its entire beginning inventory, 200 units of inventory from the May 5 purchase, and 120 units from the November 3 purchase
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