During the year, Wright Company sells 400 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year.

Date Transaction Number of Units Unit Cost Total Cost

Jan. 1 Beginning inventory 50 $78 $ 3,900

May 5 Purchase 230 81 18,630

Nov. 3 Purchase 160 86 13,760

__________ __________

440 $ 36,290

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