During the year, Wright Company sells $460$ remote$-$control airplanes for $$120$ each. The company has the following inventory purchase transactions for the year.

Date Transaction Number of Units Unit Cost Total Cost

January $1$ Beginning inventory $40$ $$80$ $$3,200$

May $5$ Purchase $2408319,920$

November $3$ Purchase $1908816,720$

$470$ $$39,840$

Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO.