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During the year, Wright Company sells 550 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Transaction

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During the year, Wright Company sells 550 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Transaction Jan. 1 Beginning inventory May. 5 Purchase Nov. 3 Purchase Number of Units so 290 240 580 Unit Cost $ 60 67 72 Total Cost 53,200 19,430 17,280 $39,910 Calculate ending Inventory and cost of goods sold for the year, assuming the company uses LIFO, Cost of Goods Sold Cost of Goods of units Cost per unit Sold $ 05 0 Ending Inventory Ending of units Cost per unit Inventory LIFO Cost of Goods Available for Sale Cost of Goods #of units Cost per unit Available for Sale Beginning inventory $ 0 Purchases May 5 0 Nov 3 0 Total $ 0 $ 0 0 $ 0 0 $ 0 0 $

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