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During the year, Wright Company sells 475 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year bate Dan
During the year, Wright Company sells 475 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year bate Dan 1 May. S Nov. 3 Transaction Beginning Inventory Purchase Purchase Number of Units 40 255 205 500 Unit Cost 571 74 79 Total Cost $ 2,840 18,870 16,195 $37,905 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 Avengo Cost of Goods Available for Sale Average Cost of Goods of units Cost per Available for un Sale 40 5 2,840 Cost of Goods Sold - Weighted Average Ending ventory - Weighted Average Cost Cost of units of units Average Cost Cost of Goods Average Cost Ending sold In ending per Unit Sold Inventory Inventory per unit Beginning Inventory Purchases May 5 Nov 3 Total 255 205 500 18 870 16.195 37 905 5 5 0.00 0.00
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