During the year, Wright Company sells 400 remote-control airplanes for $110 each. The company has...
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During the year, Wright Company sells 400 remote-control airplanes for $110 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 60 205 Unit Cost $ 73 76 81 Total Cost $ 4,380 15,580 12,555 $32.515 155 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale Hof units Cost of Goods Sold Cost per unit Cost of Goods, Cost per unit Sold is # of units of units Ending Inventory Cost per un Cost per unit Ending Inventory Beginning Inventory Purchases May 5 Nov. 3 Total
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