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During the year, Wright Company sells 390 remote control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number
During the year, Wright Company sells 390 remote control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Cost Date Jan. 1 May 5 Nov. Transaction Beginning inventory Purchase Purchase 40. 225 $ DO Total Cost $3,080 18,000 12,250 $33,830 150 415 Calculate ending inventory and cost of goods sold for the year, assuming the company uses weighted average cost. (Round your overage cost per unit to 4 decimal places.) Weighted Average Cost Cost of Goods Available for Sale Average Cost of Goods # of units Cost per Available for unit Sale 40 $ 3.080 Cost of Goods Sold - Weighted Average Ending Inventory - Weighted Average Cost Cost # of units w of units Average Cost Cost of Goods Average Cost sold per Unit in ending Sold inventory per unit Inventory Ending Beginning Inventory Purchases May 5 Nov 3 Total 225 150 415 18.000 12.750 33,830 $ 0.00 $ 0.00
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