During the year, Wright Company sells 320 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Number of Unit Date January 1 May 5 Transaction. Units Cost Total Cost Beginning inventory Purchase 50 $72 $3,600 200 75 15,000 bok November 3 Purchase 100 350 80 8,000 $26,600 ences 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, 180 units of inventory from the May 5 purchase, and 90 units from the November 3 purchase. Date January 1 May 5 Activity Beginning Inventory Purchase Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cos November 3 Purchase Total