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During the year, Wright Company sells 5 2 0 remote - control airplanes for $ 1 0 0 each. The company has the following inventory
During the year, Wright Company sells remotecontrol airplanes for $ each. The company has the following inventory purchase
transactions for the year.
Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification. Actual sales by the
company include its entire beginning inventory, units of inventory from the May purchase, and units from the November
purchase.
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