During the year, Wright Company sells 330 remote-control airplanes for $110 each. The company has...
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During the year, Wright Company sells 330 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. Number of units Cost of Goods Available for Sale 60 Cost per unit $ 205 $ 110 $ 375 73 76 81 Number of Unit Units 60 205 Cost $ 73 76 110 81 375 $ Cost of Goods Available for Sale 4,380 $ Total Cost $ 4,380 15,580 8,910 $ 28,870 15,580 8,910 28,870 Number of units Cost of Goods Sold Cost per unit Cost of Goods Sold Ending Inventory Cost per Number of units Ending unit Inventory 
During the year, Wright Company sells 330 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the yeat, Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO
During the year, Wright Company sells 330 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. Number of units Cost of Goods Available for Sale 60 Cost per unit $ 205 $ 110 $ 375 73 76 81 Number of Unit Units 60 205 Cost $ 73 76 110 81 375 $ Cost of Goods Available for Sale 4,380 $ Total Cost $ 4,380 15,580 8,910 $ 28,870 15,580 8,910 28,870 Number of units Cost of Goods Sold Cost per unit Cost of Goods Sold Ending Inventory Cost per Number of units Ending unit Inventory
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