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During the year, Wright Company sells 450 remote-control airplanes for $100 each. The company has the folowing inventory purchase transactions for the year. Transaction it

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During the year, Wright Company sells 450 remote-control airplanes for $100 each. The company has the folowing inventory purchase transactions for the year. Transaction it Cost Total ate Jan 1 Beginning inventory May 5 Purchase Nov 3 Purchase 4,050 20,580 16,910 50 245 190 81 84 89 485 41,540 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. 3 Answer is not complete. Cost of Goods Sold Ending Inventory LIFO Cost of Goods Available for Sale Cost of Average Goods AverageEnding per unit nventory 81 $ 810 40 s 81 s 3,240 t of ilable units Average Cost of Goods Sold #of units # of Cost per unit Cost units per unit for Sale Beginning 50 O 5 810 4050 10 Inventory Purchases 820,580 $ 84 20,580 8916,910 190 89 16,910 245 May 5 Nov 3190 485 41,540 445 40 8 Total

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