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During the year, Wright Company sells 440 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 440 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year Date Jan. 1Beginning inventory May 5 Nov. 3 Number of Units 60 220 170 Transaction Unit CostTotal Cost Purchase Purchase $76 79 84 4,560 17,380 14,280 450 S 36,220 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFo FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of # of units Cost per l Available for Sale Average | Goods | # of units Cost per Average Cost of Goods Sold Average Ending | # of units cost per unit Inventory unit unit Beginning Inventory Purchases May 5 Nov. 3 Total
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