Date Jan. 1 May. S Nov. 3 During the year, Wright Company sells 495 remote-control airplanes for $110 each. The company
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Date Jan. 1 May. S Nov. 3 During the year, Wright Company sells 495 remote-control airplanes for $110 each. The company
Company sells 495 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. LIFO Transaction Beginning inventory Purchase Purchase Beginning Inventory Purchases May 5 Nov. 3 Total Number of Units 60 265 215 540 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Cost of Goods Sold Unit Cost $.69 72 77 Cost of Goods Available for Sale of units Cost per unit Saved Total Cost $4,140 19,000 16,555 $39,775 Cost of Goods Available for Sale $ 0 10 10 #of units Cost per unit $ 0 S $ 0$ 0 Cost of Goods Sold 0 $ 0 0 0 0 Help Ending Inventory of units Cost per unit 0 Save & Exit Su Ending Inventory $ Check my wa
Date Jan. 1 May. S Nov. 3 During the year, Wright