Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does n 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 January 1 May 5 Transaction Number of Units Unit Cost Beginning inventory Purchase 60 250 November 3 Purchase 200 510 717 $82 Total Cost $4,920 85 21,250 90 18,000 $44,170 Number Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. LIFO Cost of Goods Available for Sale Cost Answer is not complete. Cost of Goods Sold Ending Inventory Cost of Goods Cost Cost of Cost Number of units per Available for Number per Goods unit of units of units Sale unit Sold per unit Ending Inventory Beginning Inventory 60 $ 82 $ 4,920 60 $ 82 4,920 Purchases: May 5 250 $ 85 21,250 230 $ 85 19,550 20 x $ 85 1,700 November 3 200 S 90 18,000 180 $ 90 16,200 20 S 90 1,800 Total 510 $ 44,170 470 $ 40,670 40 S 3,500 Mc raw 1111 drop 1 pic.jpg # 3 $ 4 4 % 5 E R 40 6 & < Prev 6 of 8 Next > Search hp 7 88