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During the year, Wright Company sells 500 remote-control airplanes for $120 each. The...

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Accounting

During the year, Wright Company sells 500 remote-control airplanes for $120 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,40,$68,$2,720
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