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During the year, Wright Company sells 570 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Date Jan.

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During the year, Wright Company sells 570 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 40 300 250 Unit Cost $62 65 70 Total Cost $ 2,480 19,500 17,500 $39,480 590 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.) Weighted Average Cost Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Ending Inventory - Weighted Average Cost Cost Average cost of Goods # of units Average Cost Cost of Goods of units Average Cost Ending # of units Cost per Available for sold per Unit Sold Inventory per unit Inventory 40 $ 2,480 unit Sale Beginning Inventory Purchases May 5 Nov 3 Total 300 250 590 19,500 17.500 39,480 $ 0.00 0.00

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