Question: Need help with screenshots 3 & 4, all information needed in finding these answers can be found within these TWO individual screenshots . I pretty


- Need help with screenshots 3 & 4, all information needed in finding these answers can be found within these TWO individual screenshots. I pretty much figured everything else within this assignment, except these two, as this is why I am making this "thread" (or whatever it is called). Again, the only thing I need is to fill out those empty spaces where answers (numbers) are needed. If you need any more information, please do not hesitate to let me know! Thanks.


Practice chpt 6 i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 3 During the year, Wright Company sells 500 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. 1.42 Number of Unit Total points Date Transaction Units Cost Cost Jan. 1 $ 68 May . 5 Beginning inventory 40 $ 2, 720 Purchase 270 71 Nov . 3 76 19 , 170 Purchase 220 16, 720 530 $38 , 610 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. x Answer is not complete. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of Cost per Cost of Goods units unit Available for # of Cost per unit Cost of units Goods Sold # of Cost per Ending Sale units unit Inventory Beginning Inventory 40 $ 68 $ 2,720 $ 68 Purchases May 5 270 $ 71 19,170 270 $ 71 19,170 Nov. 3 220 $ 76 16,720 220 $ 76 16, /20 Total 530 38,610 490 35,090Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 4 During the year, Wright Company sells 525 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. 1.42 Number of Unit Total Transaction Units Cost points Date Cost Jan. 1 Beginning inventory 60 $ 66 Skipped May. 5 Purchase 280 69 $ 3, 960 19, 320 Nov. 3 Purchase 230 74 17, 020 570 $40, 300 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.) x Answer is not complete. Cost of Goods Available for Sale Cost of Goods Sold - Weighted Ending Inventory - Weighted Average Average Cost Cost Weighted Average Cost # of Average Cost of Goods # of Average Cost of # of units Average units Cost per Ending unit Available units Cost per Goods Sold in ending Cost per Inventory for Sale sold Unit inventory unit Beginning Inventory 60 3,960 Purchases May 5 280 19,320 Nov.3 230 17,020 Total 570 40,300 $ 0.00 $ 0.00
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