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During the year, Wright Company sells 370 remote-control airplanes for $120 each. The company has...

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Accounting

During the year, Wright Company sells 370 remote-control airplanes for $120 each. The company has the following Inventory purchase transactions for the year. Date January 1 May 5 November 3 FIFO Beginning Inventory Purchases May 5 Calculate ending Inventory and cost of goods sold for the year, assuming the company uses FIFO. November 3 Transaction Beginning inventory Purchase Purchase Total Cost of Goods Available for Sale Cost per Number of units 40 S 210 160 410 74 S 77 Number of Units 40 210 160 410 82 Unit Cost Total Cost $74 $2,960 77 16,170 82 13,120 $32,250 Cost of Goods Available for Sale 2,960 $ 16,170 13,120 32,250 Number of units Cost of Goods Sold Cost per unit Cost of Goods Sold Ending Inver Cost per unit Number of units
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During the year, Whight Company sells 370 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Calculate enoing imventory and cost of goods sold for the year, assuming the company uses FiFO

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