During the year, Wright Company sells 425 remote control airplanes for $110 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 Units 60 235 170 Unit Cost Total Cost $79 $ 4,740 82 19 270 87 14.790 465 $ 38,800 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Cost of Goods Sold Ending Inventory LIFO Average Ending Cost of Goods Available for Sale Cost of Average # of units Cost per Goods unit Available for Sale Average Cost of of units Cost per Goods unit Sold of units Cost per unit Inventory Beginning Inventory Purchases May 5 Nov. 3 Total