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During the year, Wright Company sells 425 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Jan.
During the year, Wright Company sells 425 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 60 235 170 Unit Cost $ 79 82 87 Total Cost $ 4,740 19,270 14,790 $38,800 465 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.) Weighted Average Cost Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Average Cost of Goods # of units Average Cost Cost of Goods # of units Available for sold Sold unit Sale 60 $ 4,740 Ending Inventory - Weighted Average Cost # of units Average Cost Ending in ending Inventory per unit inventory Cost per per Unit Beginning Inventory Purchases: May 5 235 Nov.3 170 19,270 14,790 38,800 Total 465: $ $ 0.00 $ 0.00
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