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During the year, Wright Company sells 495 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 495 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Unit Units Cost 60 $ 69 265 72 215 77 540 Total Cost $ 4,140 19,080 16,555 $39,775 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 Average Cost Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average | Ending Inventory - Weighted Average Cost Cost Average Cost of Goods # of units # of units Cost per |# of units Average Cost Cost of Goods Available for in ending Average Cost Ending unit Sale sold per Unit Sold inventory per unit Inventory 60 $ 4,140 Beginning Inventory Purchases: May 5 Nov.3 Total 265 215 19,080 16,555 39,775 540 $ $ 0.00 $ 0.00
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