Question: Return to ever During the year, Wright Company sells 400 remote control airplanes for $100 each. The company has the following inventory purchase transactions for

 Return to ever During the year, Wright Company sells 400 remote

Return to ever During the year, Wright Company sells 400 remote control airplanes for $100 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 Unit Total Unita Cont. Cost 50 5.78 5 3,900 230 01 10,630 160 13,260 440 $36,290 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Answer is not complete. Ending Inventory LIFO Cost of Goods Sold Cost per Cost of Goods Sold Cost of Goods Available for Sale # of Cost of Goods Cost per Available for units unit Sale 50 s 78$ 3.900 #of units W of units Cost per unit Ending Inventory unit 160 $ 78 s 12.480 Beginning Inventory Purchases: May 5 Nov. 3 31 81 86 230 $ 160$ 440 86 18,630 880 31,970 230$ 10 S 400 18.630 13.760 36,290 86 40 $ 40 3,440 3,440 $ $ $ Total

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