Brief Exercise 6-5 Calculate ending inventory and cost of goods sold using FIFO (L06-3) During the year, Wright Company sells 515 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year Number of Unit Total Date Transaction Units Cost Cont Jan. 1 Beginning inventory 60 $.63 $ 3, 780 May. 5 Purchase 295 66 19,470 Nov. 3 Purchase 245 71 17.395 600 $40,645 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Available for Sale Cost of Goods Sold # of units Cost per unit Cost of Goods Cost of Goods Available for sale #of units Cost per unit Sold $ 0 S os 0 Ending Inventory Ending Cost per unit Inventory # of units Beginning Inventory Purchases: May 5 Nov. 3 Total 0 0 0 $ $ 0 OOO 0 0 S 0 $ 0