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 Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Unit Units Cost 50 $ 78 230 81 160 86 440 Total Cost $ 3,900 18,630 13,760 $36,290 Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 220 units of inventory from the May 5 purchase, and 130 units from the November 3 purchase. Activity Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cost Date Jan. 1 May 5 Nov. 3 Beginning Inventory Purchase Purchase Total 0 $ 0 0 $