During the year, Wright Company sells 370 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Total Date: January 1 May 5 Transaction Units Cost Cost Beginning inventory 40 $74 $2,960 Purchase 210 77 16,170. November 3 Purchase 160 82 13,120 410 $32,250 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Cost of Goods Available for Sale Cost of Goods Sold FIFO Number Cost per Cost of Goods Number Cost per Cost of Goods of units unit Available for Sale of units unit Sold Number- of units Ending Inventory Cost per unit Ending Inventory Beginning Inventory 40 $ 74 $ 2,960 $ 0 . Purchases: May 5 210 77 November 3 160 82 72 16,170 0 13,120 0 Total 410 $ 32,250 0 0 0 $ 0