rect for the work you have completed so far. It does not indicate completion. Return to question 1 During the year Wright Company sells 510 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year Transaction Beginning inventory Units May S 200 Purchase 240 Cost $64 67 72 $3,300 19,430 17,20 580 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FFO Answer is complete but not entirely correct. Cost of Goods Sold Cost of Goods Available for Sale Ending Inventory FIFO Number Cost Cost of Goods Cost of units per unit Available for Sale Number of units Cost per unit Cost of Goods Sold Number of units per Ending Inventory Beginning Inventory 50 S 64 S 3,200 50 6405 3.200 04 $3,200 Purchases May 5 290 67 19.430 200 November 3 240 72 17,280 240 12O 19430 17280 Total 580 S 30.910 580 $ 30.910 2005 67 2405 12 580 10 430 17.200 330.910 search SBM 3' e Prev 1 of 17 Next > di 2:10PM 61 Cloudy P