2 During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. 0.9 points eBook Print References Date January 1 May 5 November 3 FIFO Beginning Inventory Purchases: Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. May 5 November 3 Transaction Beginning inventory Purchase Purchase Total Cost of Goods Available for Sale Number of units 60 250 200 510 Cost per unit $ Number of Unit Units 60 250 Cost $82 85 200 90 510 82 85 90 Cost of Goods Available for Sale 4,920 $ $ Total Cost $4,920 21,250 18,000 $44,170 21,250 18,000 44,170 Cost of Goods Sold Cost of Goods Sold Number of units 60 250 200 510 Cost per unit $ 82 $ 85 90 $ 4,920 21,250 18,000 44,170 Ending Inventory Cost per unit Number of units 60 $ 60 Ending Inventory 82 $ 4,920 $ 4,920 Check

During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the yeat. Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO