During the year, Wright Company sells 510 remote-control airplanes for $100 each. The company has the...
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During the year, Wright Company sells 510 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year Number of Date Jan. 1 Hay. Nov. 3 teansaction Beginning inventery Purchase Units se 290 Unit Cost 564 67 Total Cost $3,200 19,430 Purchase 72 $39,910 Calculate ending inventory and cost of goods soid for the year, assuming the compeny uses FIFO FIFO Cost of Goods Avaitable for Sale Cost of Goods Bold Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold of units Cost per unit Fof units Cost per unit of units Cost per unit Ending Inventory Beginning inventory Purchases May 5 Now 3 Total During the year, Wright Company sells 510 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year Number of Date Jan. 1 Hay. Nov. 3 teansaction Beginning inventery Purchase Units se 290 Unit Cost 564 67 Total Cost $3,200 19,430 Purchase 72 $39,910 Calculate ending inventory and cost of goods soid for the year, assuming the compeny uses FIFO FIFO Cost of Goods Avaitable for Sale Cost of Goods Bold Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold of units Cost per unit Fof units Cost per unit of units Cost per unit Ending Inventory Beginning inventory Purchases May 5 Now 3 Total
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Financial Accounting
ISBN: 978-1259914898
5th edition
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
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