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During the year, Wright Company sells 390 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of

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During the year, Wright Company sells 390 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Total Date Transaction Jan. 1 Beginning Inventory May. 5 Purchane Nov. 3 Purchase Unito 40 225 150 Unit Cost $77 80 Cost $ 3,080 18,000 12,750 $33,830 415 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale #of units Cost per unit Cost of Goods Sold # of units Cost per unit Ending Inventor LIFO Hof units Cost per unit Beginning Inventory Purchases: May 5 Nov. 3 $ 0 $ 0 $ 0 0 $ 0 0 $ 0 OOO Total 0 $ 0 0 $ 0 $ 0

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