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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

LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory
# of units Average Cost per unit Cost of Goods Available for Sale # of units Average Cost per unit Cost of Goods Sold # of units Average Cost per unit Ending Inventory
Beginning Inventory 40 $0 $0 $0
Purchases:
May 5 270 0 $0 0
Nov. 3 2720 0 $0 0
Total 3,030 $0

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