During the year, Wright Company sells 565 remote control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date January 1 May 5 November 3 LIFO Beginning Inventory Purchases Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. May 5 November 3 Transaction Beginning inventory Purchase Purchase Total Cost of Goods Available for Sale Number Cost per of units unit 60 $ 295 S 245 600 S5 $ 63 66 71 Number of Unit Units Cost $63 60 295 66 245 71 600 Cost of Goods Available for Sale 3.780 $ SI Total Cost $3,780 19,470 17,395 $40,645 19 470 17.395 40 645 - Number of units Cost of Goods Sold Cost per Cost of Goods unit Sold 0 $ $ 0 0 0 0 Ending Inventory Cost per unit Number of units 0 Ending Inventory S 0

During the year, Wright Company sells 565 remote control airplanes for $110 each. The compary has the following inventory purchase transactions for the year. Calculate ending inventory and cost of goods sold for the year assuming the company uses LFO. During the year, Wight Company sells 435 remote-control airplanes for $120 each. The company has the following inventory purchase trinsactions for the year. Calculate ending inventory and cost of goods sold for theyeat, assuming the company uses weighted-average cost. (Round your overoge cost per unit to 4 decimol places.)