Assignment $6\mathrm{.}1$ i

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Brief Exercise $6-5($Static$)$ Calculate ending inventory and cost of goods sold using FIFO $($LO$6-3)$

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During the year, Wright Company sells $470$ remote$-$control airplanes for $$110$ each. The company has the following inventory purchase transactions for the year.

$\backslash$table$[[$Date$,$Transaction,$\backslash$table$[[$Number of$],[$Units$]],\backslash$table$[[$Unit$],[$Cost$]],$Total Cost$],[$January $1,$Beginning inventory,$60,$$$82,$$$4,920$