During the year, Wright Company sells 380 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 50 $ 72 $ 3,600 May. 5 Purchase 200 75 15,000 Nov. 3 Purchase 150 80 12,000 400 $ 30,600 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO