During the year, Wright Company sells 415 remote control airplanes for $100 each. The company has the following inventory purchase transactions for the year Number of Units Unit Cast Total Cost Date Transaction Jan. 1 Beginning inventory May. 5 Purchase Nov. 3 Purchase 50 215 165 $75 78 83 $ 3,750 16,770 13,695 $ 34,215 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Ending Inventory Cost of Goods Available for Sale Cost of Goods # of units Cost per unit Available for Sale Cost of Goods Sold Cost of Goods Cost per unit Sold of units of units Cost per un Ending Inventory Beginning Inventory Purchases May 5 Noy 3 Total |