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During the year, Wright Company sells 565 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Number of

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During the year, Wright Company sells 565 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Number of Unit Total Date Transaction Units Cost Cost Jan. 1 Beginning inventory 60 $ 63 $ 3,780 May. 5 Purchase 295 66 19,470 Nov. 3 Purchase 245 71 17,395 600 $40,645 Cost per unit Calculate ending inventory and cost of goods sold for the year, assuming the company uses weighted average cost. (Round your average cost per unit to 4 decimal places.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Ending Inventory - Weighted Average Weighted Average Cost # of units Cost Average cost of Goods # of units Cost per Ending Average Cost # of units Average Cost Cost of Goods Available for In ending sold Sold unit Sale Inventory per Unit Inventory Beginning Inventory 60 $ 3.780 Purchases: May 5 295 19.470 Nov. 3 245 17.395 $ $ 0.00 600 0.00 $ 40,645 Total

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