Brief exercise 6-7 calculate ending inventory and cost of goods sold
During 2015, Wright Company sells 495 remote control airplanes for $110 each. The company has the following inventory purchase transactions for 2015. Date Transaction Numberof 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 […]