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During the year, Wright Company sells 500 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Date TransactionNumber
During the year, Wright Company sells 500 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year.
Date TransactionNumber of UnitsUnit CostTotal Cost Jan. 1 Beginning inventory40 $68 $2,720 May 5 Purchase270 71 19,170 Nov. 3 Purchase220 76 16,720 530 $38,610
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