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During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year Number Date
During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year Number Date Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Pchase of Units Unit Cost Total Cost $82 $ 4,920 21,250 18,000 250 200 85 90 510 S 44,170 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO IFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units S/unit # of units S/unit # of units $/unit Beginning Inventory May 5 Nov. 3 Total eBook & Resources eBook: Determine t ost of goods sold and ending inventory using different invento heck my wor
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