Question: I don't see a solution for this problem with weighted average cost. Any help would be much appreciated!! During the year, Wright Company sells 375
I don't see a solution for this problem with weighted average cost. Any help would be much appreciated!!
During the year, Wright Company sells 375 remote-control airplanes for $110 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 | 60 | $76 | $ | 4,560 |
| May 5 | Purchase | 220 | 79 | 17,380 | |
| Nov. 3 | Purchase | 140 | 84 | 11,760 | |
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| 420 | $ | 33,700 | |||
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Calculate ending inventory and cost of goods sold for the year, assuming the company uses weighted-average cost. (Round your average cost per unit to 4 decimal places.)

Cost of Goods Sold - Weighted Ending Inventory-Weighted Average Cost of Goods Available for Sale Average Cost Cost Average unit Weighted Average Cost Cost ofin ending Goods | # of units | Cost per Goods Sold inventory Average Cost of Average # of units Ending Cost perInventory # of units Cost per Available for Sale sold unit Unit Beginning Inventory Purchases 60 4,560 May 5 Nov.3 220 140 420 80.2381 $ 17,380 11,760 33,700 Total 375 45
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