During the year, Wright Company sells $400$ remote$-$control airplanes for $$100$ each. The company has the following inventory purchase transactions for the year. DateTransactionNumber of UnitsUnit CostTotal CostJanuary $1$Beginning inventory$50$$$78$$$3,900$May $5$Purchase$2308118,630$November $3$Purchase$1608613,760440$ $$36,290$ Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO.