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Assignment 6.1 i Help Save & Exit Submit 2 Brief Exercise 6-5(Static) Calculate...

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Accounting

Assignment 6.1 i
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2
Brief Exercise 6-5(Static) Calculate ending inventory and cost of goods sold using FIFO (LO6-3)
10
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During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year.
\table[[Date,Transaction,\table[[Number of],[Units]],\table[[Unit],[Cost]],Total Cost],[January 1,Beginning inventory,60,$82,$4,920
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