how do you calculate ending inventory and cost of goods sold for the year?

Brief Exercise 6-8 Calculate ending inventory and cost of goods sold using specific identification (LO6. 3) During the year, Wright Company sells 550 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year ok Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 50 290 240 580 Unit Total Cost Cost $ 64 $ 3,200 67 19,430 72 17.289 $39,910 ) ences Calculate ending Inventory and cost of goods sold for the year, assuming the company uses specific identification Actual sales by the company include its entire beginning inventory, 275 units of inventory from the May 5 purchase, and 225 units from the November 3 purchase Date Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending inventory Cost Jan 1 May 5 Nov 3 Activity Beginning Tryventory Purchase Purchase Total