Question: is window shows what is correct and incorrect for the work you have completed so far. en if all of the work you have done
is window shows what is correct and incorrect for the work you have completed so far. en if all of the work you have done so far is correct, you may not have completed everything. 3. value 0.50 points You did not receive full credit for this question in a previous atte Brief Exercise 6-6 Calculate ending inventory and cost of goods sold using LIFO (LO6-3) During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year Date Jan 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 60 250 200 Unit Cost Total Cost $82 $ 4,920 85 21,250 90 18,000 510 $ 44,170 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Answer is complete but not entirely correct. LIFO Cost of Goods Available for Sale of Slunit $ Cost of Goods Sold #of 5 Slunit units 66 x S 82 $ 5,412 Ending Inventory #of units S/unit 5 units 60 $ 82 $4.920 60$ 82$ 4,920 Beginning Inventory Purchases May 5 Nov. 3 250$ 85 200$ 90 21.250 18,000 69 $ 85 74 $ 90 5,865 6,660 250 $ 85 40 $ 90 350 21,250 3,000 209 $ 17,937 510 $ 44,170 Total 29,770
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