Question

Refer to the information in BE6–5. Calculate ending inventory and cost of goods sold for 2015, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 230 units of inventory from the May 5 purchase, and 180 units from the November 3 purchase.
In BE6–5, During 2015, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for2015.


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  • CreatedJuly 15, 2014
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