During the year, Wright Company sells 340 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Date Transaction Units Cost Total Cost January 11 May 5 Beginning inventory Purchase 40 210 $74 $2,960 77 16,170 November 3 Purchase 120 82 9,840 370 $28,970 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO Cost of Goods Available for Sale. Cost of Goods Sold Ending Inventory LIFO Number Cost per of units unit Cost of Goods Available for Sale! Number of units Cost per Cost of Goods Number Cost per unit Sold of units unit Ending Inventory Beginning Inventory 40 $ 74 $ 2.960 $ 0 Purchases May 5 210 $ 77 16.170 0 November 3 120 $ 82 9,840 0 Total 370 $ 28,970 0 S 0 0 $ 0