During the year, Wright Company sells 400 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Number of Unit Total Date January 1 May 5 Transaction Units Beginning inventory Purchase 50 Cost $78 Cost $3,900 230 81 18,630 November 3 Purchase 160 440 86 13,760 $36,290 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 LIFO Number Cost per of units unit Cost of Goods Available for Sale Number of units Cost per unit Cost of Goods Sold Number of units Cost per Ending unit Inventory Beginning Inventory 50 $ 78 $ 3,900 $ 0 Purchases: May 5 230 $ 81 18,630 0 November 3 160 $ 86 13,760 0 Total 440 $ 36,290 0 0 0 $ 0