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  3. during the year, wright company sells 500 remote-c

During the year, Wright Company sells 500 remote-control airplanes for $110 each. The company has...

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Accounting

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During the year, Wright Company sells 500 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 Unit Units Cost 60 $ 66 280 69 230 74 570 Total Cost $ 3,960 19,320 17.020 $40,300 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Available for Sale W of units Cost per unit Cost of Goods Available for Sale Cost of Goods Sold of units Cost per unit Cost of Goods Sold Ending Inventory Cost per unit Ending Inventory # of units Beginning Inventory Purchases May 5 Nov 3 Total

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