Calculate ending inventory and cost of goods sold

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Reference no: EM131520867

Question: Refer to the information in BE6-4. Calculate ending inventory and cost of goods sold for 2012, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 180 units of inventory from the May 5 purchase, and 90 units from the November 3 purchase

BE6-4: During 2012, Wright Company sells 320 remote control airplanes for $100 each. The company has the following inventory purchase transactions for 2012.

Calculate ending inventory and cost of goods sold for 2012 assuming the company uses FIFO.

Reference no: EM131520867

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