Chrome File Edit View History Bookmarks Profiles Tab Window Help G Q Sat Oct 29 8:23 PM Question 1 - Chapter 4 H > Question 5 - Chapter 6 + x | Chegg.com X *Course Hero X Question 4 - Chapter 6 + x G where do you buy teston x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q... O B D2L Homepage - Pima... Class ACC 211 Fin... M Inbox (6) - bburns... x Pima Community... Q Acct I Ch 1 Flashc... Chapter 6 Homework i Saved Help Save & Exit Submit Check my work 5 Brief Exercise 6-8 (Algo) Calculate ending inventory and cost of goods sold using specific identification (LO6-3) 0.75 points During the year, Wright Company sells 480 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. eBook Number of Unit Total Date Transaction Units Cost Cost Print January 1 Beginning inventory 50 $70 $3 , 500 May 5 Purchase 260 73 18 , 980 References November 3 Purchase 210 78 16 , 380 520 $38 , 860 Calculate ending inventory and cost of goods sold for the year, 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 200 units from the November 3 purchase. Date Activity Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cost January 1 Beginning Inventory 3,500 $ 10 $ 35,000 10 $ May 5 Purchase 18,980 260 4,934,800 260 November 3 Purchase 16,380 210 3,439,800 210 . . ...... Total 38,860 $ 8,409,600 0 $ Mc Graw Hill 29 O 4