Check 3 During the year, Wright Company sells 520 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year 5 Date Jan. May 5 Nov. Transaction Beginning inventory Purchase Purchase Number of Units 50 275 225 Unit Cost $67 70 75 Total Coat $ 3,350 19,250 16.075 $39,475 Doow Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. LIFO Cost of Goods Sold Ending Inventory of units Cost per unit cost of Good of units cost per unit Ending Inventory 50 s 67 S 3,350 50 S 3.350 Cost of Goods Available for Sale W of units Cost per unit Cost of Goods Available for Sale 50 s 67 $ 3.350 References 67 70 Beginning inventory Purchases May 5 Nov: 3 Total 70 75 275$ 2257 s 550 70 75 19.250 16.875 39.475 275$ 225$ 550 75 19,250 16 875 39,475 275 $ 225 s 550 19.250 16.875 $ 39,475 S $