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

During the year, Whight Company sells 370 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Calculate enoing imventory and cost of goods sold for the year, assuming the company uses FiFO