During the year, Wright Company sells 440 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Transaction Number of Units Unit Cost Total Cost January 1 Beginning inventory 60 $76 $4,560 May 5 Purchase 220 79 17,380 November 3 Purchase 170 84 14,280 450 $36,220 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO.