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During the year. Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year Unit Date

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During the year. Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year Unit Date Jan. 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 60 250 200 510 Cost total cost $ 82 $ 4,920 85 21,250 90 18,000 $44,170 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Available for Sale of units Cost per unit Cost of Goods Available for Sale Cost of Goods Sold Wof units Cost per unit Cost of Goods Sold Ending Inventory Cost per unit Ending Inventory Wof units Beginning Inventory Purchases May 5 Nov 3 Total

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