Question: Brief Exercise 6 - 5 ( Algo ) Calculate ending inventory and cost of goods sold using FIFO ( LO 6 - 3 ) During

Brief Exercise 6-5(Algo) Calculate ending inventory and cost of goods sold using FIFO (LO6-3)
During the year, Wright Company sells 460 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year.
\table[[Date,Transaction,Number of,Unit,Total],[January 1,Beginning inventory,40,$80,$3,200
Brief Exercise 6-5(Algo) Calculate ending inventory and cost of goods sold

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