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During the year, Wright Company sells 525 remote-control airplanes for $110 each. The company has...

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Accounting

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During the year, Wright Company sells 525 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 60 280 230 Unit Cost $ 66 69 74 Total Cost $ 3,960 19,320 17,020 $40,300 570 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 Sold - Weighted Average Cost of Goods Available for Sale Cost Average Cost of Goods # of units Available for # of units Average Cost Cost of Goods sold Sold per Unit Sale 60 $ 3,960 Ending Inventory - Weighted Average Cost # of units in ending Average Cost Ending Inventory inventory Cost per unit per unit Beginning Inventory Purchases: May 5 280 19,320 Nov.3 230 17,020 40,300 Total 570 $ 70.7018 $ 70.7018 0.00 $ 70.7018: $ 0.00

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