Financial Accounting – need the answer now

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Wright Company had the following information for the year ending December 31: 

 
 
Units
Unit Cost
Beginning inventory
240

$
45

Purchase:
April 6
290

43

Sale:
May 4
500

 
Purchase:
July 19
470

41

Sale:
September 9
300

 
Purchase:
October 10
200

37

 
 
 
 

 

Wright uses the perpetual inventory system and the FIFO method.

 

Required:

Using FIFO

 

(a) Compute the cost of ending inventory.
(b) Compute the cost of goods sold for the year.