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 Date Jan. 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase of Units 40 210 160 Unit Cost $74 Total Cost 2,960 16,170 13,120 82 410 $ 32,250 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Average Average Cost of Average Ending Goods Available # of units cost per # of units Cost per Goods Sold | # of units Cost per unit Inventory unit unit for Sale Beginning Inventory 40 $ 74 2,960 $ 74 Purchases: May 5 Nov. 3 210 S 77 160 82 410 16,170 13,120 $ 32,250 $ 77 Total