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 January 1 May 5 November 3 FIFO Beginning Inventory Purchases May 5 November 3 Transaction Beginning inventory Purchase Purchase Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Total Cost of Goods Available for Sale Number of units 50 200 150 400 Cost per unit $ 72 75 80 Number of Unit Units Cost 50 $72 200 75 150 80 400 Cost of Goods Available for Sale 3,600 $ $ Total Cost $3,600 15,000 12,000 $30,600 15,000 12,000 30,600 Number of units 0 Cost of Goods Sold Cost per Cost of Goods Sold unit $ $ 0 0 0 0 Ending Inventory Cost per unit Number of units 0 Ending Inventory $ 0

During the year, Wright Company sells 380 remote-control aliplanes for $100 each. The company has the following inventory purchase transactions for the year. Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO