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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. Dato Transaction
During the year, Wright Company sells 435 remote-control airplanes for $120 each. The company has the following Inventory purchase transactions for the year. Dato Transaction Jan. 1 Beginning inventory May. 5 Purchase Nov. 3 Purchase Number of Units 40 240 180 460 Unit Coat $ 80 83 88 Total Cost $ 3,200 19,920 15,840 $38,960 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 Averago Ending Inventory - Weight Cost Cost Average cost of Goods of units Cost per # of units # of units Average Cost Cost of Goods Available for Average Cost unit in ending sold Sale Sold per Unit inventory per unit 40 $ 3,200 Beginning Inventory Purchases May 5 Nov. 3 Total 240 180 460 19,920 15,840 38,960 $ $ 0.00
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