During the year, Wright Company sells 425 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Number of Unit Total Date January 1 May 5 November 3 Transaction Units Cost Cost Beginning inventory 60 $79 $4,740 Purchase 235 82 19,270 Purchase 170 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 Available for Sale Cost of Goods Sold Ending Investory LIFO Number Cost per of units unit Cost of Goods Available for Sale Number of units Cost per Cost of Goods unit Number Cost per Sold of units unit Ending Inventory es Beginning Inventory 60 $ 79 $ 4,740 60 $ 79 $ 4,740 Purchases: May 5 235 $ 82 19.270 215 $ 82 17,630 20 $ 82 1,640 November 3 170 $ 87 14,790 150 $ 87 13,050 20 $ 87 1,740) Total 465 $ 38,800 425 $ 35,420 40 $ 3,380