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During the year, Wright Company sells 435 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Date Transaction

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During the year, Wright Company sells 435 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Date Transaction Beginning Number of Units 40 Unit Cost Jan. 1 inventory Total Cost $3,200 19,920 15,840 $38,960 May. 5 Purchase Nov. 3 Purchase $80 83 88 240 180 460 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 of Goods Cost per Available for unt s 3200 of units Ending Inventory - Weighted Average Cost of units Average Cost Ending Inventory inventory Average Cost Cost of Goods per Unit sold So Beginning Inventory Cost of Goods Available for Sale Weighted Average Cost Cost of Goods Sold - Weighted Average Ending Inventory - Weighted Average Cost Cost of units Average Cost Cost of Goodsin ending Average cost # of units Average Cost Ending sold per Unit per unit Inventory Inventory # of units Average cost of Goods Cost per Available for unit Sale Sold Beginning Inventory 3.200 Purchases May 5 Nov 3 Total 19.920 15,840 38,960 450

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