Question: Refer to the information in BE6-4. Calculate ending inventory and cost of goods sold for 2012, assuming the company uses LIFO.
BE6-4: During 2012, Wright Company sells 320 remote control airplanes for $100 each. The company has the following inventory purchase transactions for 2012.
![913_UC.png](https://secure.tutorsglobe.com/CMSImages/913_UC.png)
Calculate ending inventory and cost of goods sold for 2012 assuming the company uses FIFO.