ainutes During the year, Wright Company sels 465 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Unit Cost Date Jan 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 50 245 195 Total Cost $ 4,050 20.580 17,355 89 490 $ 41,985 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO, FIFO Cost of Goods Sold Cost of Goods Available for Sale Cost of of units unit for Sale Average Cost per A Ending Inventory Average . of Cost Ending units per Inventor Goods ble of Average Cost of Cost Goods Sold unit units per Beginning Inventory of so Purchases May 5 Nov. 3 Total