Brief Exercise 6-7 Calculate ending inventory and cost of goods sold using weighted-average cost (LO3)
During 2015, Wright Company sells 495 remote control airplanes for $110 each. The company has the following inventory purchase transactions for 2015.
|Unit Cost||Total Cost|
|Jan. 1||Beginning inventory||60||$69||$||4,140|
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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