During the year, Wright Company sells 400 remote-control alrplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Transaction Jan. 1 beginning inventory May. 5 Purchase Nov. 3 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. Answer is complete but not entirely correct. Date Units Unit Activity Beginning Inventory ost of Goods Sold 1000 Ending inventory Units Ending Inventory Cost Sold 50 220 Jan 1 78 May 5 Nov 3 Purchase Purchase 8 17. 820 11 180 32.900 1 86 167 400 7196 13.957 S