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During the year, Wright Company sells 5 0 5 remote - control airplanes for $ 1 2 0 each. The company has the following inventory

During the year, Wright Company sells 505 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year.
\table[[Date,Transaction,\table[[Number of],[Units]],\table[[Unit],[Cost]],\table[[Total],[Cost]]],[January 1,Beginning inventory,40,$65,$2,600
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