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During the year, Wright Company sells 480 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Total Date

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During the year, Wright Company sells 480 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Total Date Jan. 1 May. 5 Nov. 3 Cost Number of Units 5e 260 Transaction Beginning inventory Purchase Purchase Unit Cost 570 73 78 210 $ 3,500 18,989 16,389 $38,860 520 Calculate ending inventory and cost of goods sold for the year, assuming the company uses welghted-average cost. (Round your average cost per unit to 4 decimal places.) Weighted Average Cost Cost of Goods Available for Sale Average Cost of Goods B of units Cost per Available for unit Sale 50 $ 3,500 Cost of Goods Sold - Weighted Average Ending Inventory - Weighted Average Cost Cost # of units Average Cost Cost of Goods W of units Average Cost sold Ending per Unit in ending Sold Inventory per unit Inventory Beginning Inventory Purchases May 5 Nov 3 Total 200 210 520 18,080 16,380 38,800 $ 4801 $ 0.00 40 $ 0.00

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