Business, 12.03.2020 02:13 lizbeth696

During the year, Wright Company sells 415 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 50 $ 75 $ 3,750 May. 5 Purchase 215 78 16,770 Nov. 3 Purchase 165 83 13,695 430 $ 34,215 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO.

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During the year, Wright Company sells 415 remote-control airplanes for $100 each. The company has th...

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