Question
During the year, Wright Company sells 515 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date
During the year, Wright Company sells 515 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 60 $63 $ 3,780 May 5 Purchase 295 Nov. 3 Purchase 245 66 71 19,470 17,395 600 $ 40,645 Calculate ending Inventory and cost of goods sold for the year, assuming the company uses FIFO FIFO Cost of Goods Available for Sale Answer is not complete. Cost of Goods Sold Cost of Wof Average Cost Goods of units Available units per unit for Sale Average Cost per unit Cost of Ending Inventory Average Rof Goods units Sold Cost per unit Ending Inventory Beginning 60 S 635 3,780 80s 63 3780 63 S 63 $3.9 Inventory Purchases " Return to question
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