nces During the year, Wright Company sells 470 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: May 5 November 3 Transaction Beginning inventory Purchase Purchase Total Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Cost of Goods Available for Sale Number of units 60 Cost per unit $ 250 $ 200 $ 510 82 Number of Units 60 250 200 510 85 90 Unit Cost $ $82 85 90 Cost of Goods Available for Sale $ 4,920 Total Cost 2 $4,920 21,250 18,000 $44,170 21,250 18,000 44,170 Cost of Goods Sold Number of units Cost per Cost of Goods unit Sold Ending Inventory Cost per unit Number of units Ending Inventory

During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Calculate ending inventory and cost of poods sold for the year, assuming the company uses LFO. During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO