k During the year, Wright Company sells 420 remote-control airplanes for $120 each. The company has...

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k During the year, Wright Company sells 420 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Total Date January 1 May 5 Transaction Units Cost Cost Beginning inventory Purchase 40 $77 $3,080 225 80 18,000 November 3 Purchase 175 85 14,875 440 $35,955 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Ending Inventory Cost per unit Cost of Goods Available for Sale FIFO Number Cost per of units unit Cost of Goods Available for Sale Number of units Cost of Goods Sold Cost per unit Cost of Goods Sold Number of units ces Beginning Inventory 40 $ 77 $ 3,080 Purchases: May 5 225 80 18,000 November 3 175 85 14,875 Total 440 $ 35,955 Ending Inventory k During the year, Wright Company sells 420 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Total Date January 1 May 5 Transaction Units Cost Cost Beginning inventory Purchase 40 $77 $3,080 225 80 18,000 November 3 Purchase 175 85 14,875 440 $35,955 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Ending Inventory Cost per unit Cost of Goods Available for Sale FIFO Number Cost per of units unit Cost of Goods Available for Sale Number of units Cost of Goods Sold Cost per unit Cost of Goods Sold Number of units ces Beginning Inventory 40 $ 77 $ 3,080 Purchases: May 5 225 80 18,000 November 3 175 85 14,875 Total 440 $ 35,955 Ending Inventory