During the year, Wright Company sells 375 remote-control airplanes for $110 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 Unit Units Cost 60 $76 220 79 84 Total Cost $ 4.560 17,380 11,760 $33,700 140 Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 200 units of inventory from the May 5 purchase, and 115 units from the November 3 purchase. Date Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cost Jan 1 May 5 Nov. 3 Activity Beginning Inventory Purchase Purchase Total