during 2015 wright company sells 495 remote control airplanes for 110 each the compa 3618914

February 11, 2021/in Business Homework Help Online /by Joseph

During 2015, Wright Company sells 495 remote control airplanes for $110 each. The company has the following inventory purchase transactions for 2015.

Date	Transaction	Number of Units	Unit Cost	Total Cost
Jan. 1	Beginning inventory	60	$69	$	4,140
May 5	Purchase	265	72		19,080
Nov. 3	Purchase	215	77		16,555

		540		$	39,775

Calculate ending inventory and cost of goods sold for 2015, assuming the company uses weighted-average cost. (Round your average cost per unit to 4 decimal places.)

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