During the year, Wright Company sells $480$ remote$-$control airplanes for $$100$ each. The company has the following inventory purchase transactions for the year.

$\backslash$table$[[$Date$,$Transaction,Number of$,$Unit,Total,$],[$January $1,$Beginning inventory,Units,Cost,Cost,$],[$May $5,$Purchase,$50,$$$70,$$$3,500,],[$November $3,$Purchase,$260,73,18,980,],[,,210,78,16,380,],[,,,,,$$$8,860$