Question: During the year, Wright Company sells 5 1 0 remote - control airplanes for $ 1 0 0 each. The company has the following inventory

During the year, Wright Company sells 510 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year.
DateTransactionNumber of UnitsUnit CostTotal CostJanuary 1Beginning inventory50$ 64$ 3,200May 5Purchase2906719,430November 3Purchase2407217,280580$ 39,910
Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO.

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