Explain how to get Cost of Goods Available for Sale , Cost of Goods Sold, and End Inventory

During the year. Wright Company sells 4m remote-oontrol airplanes for $110 each. The oompany has the following inventory purchase transactions for the year. NLl'lbar Dale Transaction at Units Uni Cost: Total Goa! Jan. 1 Beginning inventory 60 $82 $ 4,920 May 5 Purchase 250 35 21,250 NOV. 3 Purchase 200 90 18,000 510 $ 44,170 Calculate ending inventory and cost of goods sold for the year. assuming the oompeny uses LIFO