TES During the year, Wright Company sells 450 remote-control al planes for $100 each. The company has the following inventory purchase transactions for the year Numa al Units DateTransaction Jan. 1 Beginning Inventory May 5 Purchase Nov. 3 Purchase Unit Cost Total Cost $ 4,050 20,580 10,910 245 40540 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 Ava Salcast of Goods Sod-Welged Average cost Ending Inventory-Weighted Average cost Average Cost of Goods Cost per Ending Averag Cost per Unit of units nonding Among COS Beginning 4.050 20.580 16 930 HEL ninutes 0 Help Save & Exit Submit Hoya Corporation reports the following amounts: Assets = $18,000: Liabilities - $3,000: Stockholders' equity - $15,000; Dividends = $3,000; Revenues = $17,000; and Expenses - $12.000. What amount is reported for net income? Net income Kansus Enterprises purchased equipment for $74,000 on January 1, 2018. The equipment is expected to have a five year life, with a residual value of $7,650 at the end of five years. Using the straight-line method, the book value at December 31, 2018 would be: Multiple Choice 0 $66.350 0 O 553,000 0 $59.200 0 560730