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

420 $ 33,700

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.)

I don't see a solution for this problem with weighted average cost.

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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