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During the year, Wright Company sells 400 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, Wright Company sells 400 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Number of Units Transaction Beginning inventory Unit Cost Total Cost Date January 1 May 5 November 3 50 $78 $3,900 230 81 18,630 Purchase Purchase 160 86 13,760 440 $36,290 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 Cost Weighted Average Cost Average Cost per unit Number of units sold Average Cost per Unit Cost of Goods Sold Beginning Inventory Purchases: May 5 November 31 440.0000 $ 15,967,600.00 Total Number of units 50 230 160 440 Cost of Goods Available for Sale $ 3,900 18,630 13,760 $ 36,290 36,290 $ Ending Inventory-Weighted Average Cost Number of units in ending inventory Average Cost per unit Ending Inventory 40 $ 400,0000 $ 16,000.00

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