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During the year, Wright Company sells 320 remote-control airplanes for $100 each. The company has...

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Accounting

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During the year, Wright Company sells 320 remote-control airplanes for $100 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 50 200 100 Unit Cost $ 72 75 80 Total Cost $ 3,600 15,000 8,000 $26,600 350 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 Cost Average Cost of Goods # of units Cost per Available for # of units Average Cost Cost of Goods sold Sold unit per Unit Sale 50 $ 3,600 Ending Inventory - Weighted Average Cost # of units in ending Average Cost Ending inventory per unit Inventory Beginning Inventory Purchases: 200 15,000 May 5 Nov.3 100 8,000 Total 350 $ 26,600 $ 0.00 $ 0.00

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