During the year, Wright Company sells 370 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 50 215 130 395 Unit Cost $ 75 78 Total Cost $ 3,750 16,770 10,790 $31,310 83 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. LIFO Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale 50 $ 75 $ 3,750 Cost of Goods Sold Ending Inventory Cost of Goods # of units Cost per unit # of units Cost per unit Ending Sold Inventory 50 $ 75 $ 3,750 Beginning Inventory Purchases: May 5 Nov. 3 215 $ 78 215 $ 78 No 16,770 0 130 16,770 10,790 31,310 $ 83 $ 83 Total 395 $ 265 $ 20,520 0 $ 0