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

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During the year, Wright Company sells 370 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Date Transaction Units Cost Total Cost Beginning inventory Purchase $74 $2,960 January 1 May 5 40 210 77 16,170 November 3 Purchase 160 82 13,120 410 $32,250 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory FIFO Cost per unit Cost of Goods Available for Sale of units 74 $ Cost per unit Cost of Goods Number Cost per unit Number Number Enc of units Sold of units Inve Beginning Inventory 40 $ 2,960 Purchases: May 5 210 77 16,170 November 3 160 82 13,120 Total 410 $ 32,250 %24 During the year, Wright Company sells 370 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Date Transaction Units Cost Total Cost Beginning inventory Purchase $74 $2,960 January 1 May 5 40 210 77 16,170 November 3 Purchase 160 82 13,120 410 $32,250 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory FIFO Cost per unit Cost of Goods Available for Sale of units 74 $ Cost per unit Cost of Goods Number Cost per unit Number Number Enc of units Sold of units Inve Beginning Inventory 40 $ 2,960 Purchases: May 5 210 77 16,170 November 3 160 82 13,120 Total 410 $ 32,250 %24 During the year, Wright Company sells 370 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Date Transaction Units Cost Total Cost Beginning inventory Purchase $74 $2,960 January 1 May 5 40 210 77 16,170 November 3 Purchase 160 82 13,120 410 $32,250 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory FIFO Cost per unit Cost of Goods Available for Sale of units 74 $ Cost per unit Cost of Goods Number Cost per unit Number Number Enc of units Sold of units Inve Beginning Inventory 40 $ 2,960 Purchases: May 5 210 77 16,170 November 3 160 82 13,120 Total 410 $ 32,250 %24 During the year, Wright Company sells 370 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Date Transaction Units Cost Total Cost Beginning inventory Purchase $74 $2,960 January 1 May 5 40 210 77 16,170 November 3 Purchase 160 82 13,120 410 $32,250 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory FIFO Cost per unit Cost of Goods Available for Sale of units 74 $ Cost per unit Cost of Goods Number Cost per unit Number Number Enc of units Sold of units Inve Beginning Inventory 40 $ 2,960 Purchases: May 5 210 77 16,170 November 3 160 82 13,120 Total 410 $ 32,250 %24

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