Brief Exercise 6-8 Calculate ending inventory and cost of goods sold using specific identification (LO6- During the year, Wright Company sells 400 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Total Number of Units Date Unit Cost $78 Transaction Beginning Cost Jan. 1 inventory May. 5 Purchase Nov. 3 Purchase 23e 16e 440 $ 3,900 18,630 13,760 $36, 290 Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 220 units of inventory from the May 5 purchase, and 130 units from the November 3 purchase Date Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cost Jan 1 Activity Beginning Inventory Purchase May 5 Nov 3 Purchase Total SOLE