Brief Exercise 6-6 Calculate ending inventory and cost of goods sold using LIFO (LO6-3) During the year, Wright Company sells 425 remote-control airplanes for S110 each. The company has the following inventory purchase transactions for the year Number Date Jan. 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase of Units Unit Cost Total Cost $79 4,740 19,270 14,790 60 235 170 82 87 465 $ 38,800 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO LIFO Cost of Goods Sold Ending Inventory $/unit Cost of Goods Available for Sale # of units S/unit # of units | Sunit # of units Beginning Inventory Purchases May 5 Nov. 3 Total