During the year, Wright Company sells 470 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 Unit Units Cont 60 82 250 85 200 90 Total Cost $ 4,920 21,250 18,000 $44,170 510 Calculate ending Inventory and cost of goods sold for the year, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory 230 units of Inventory from the May 5 purchase, and 180 units from the November 3 purchase. Date Units Sold Unit Cost Cost of Goods Cost of Goods Ending Inventory Units Unit Cost Ending Invente Sold Jan 1 60 4,820 Activity Beginning Inventory Purchase Purchase Total May 5 Nov. 3 250 21.250 18,000 44.170 During the year, Wright Company sells 470 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 Unit Units Cost 60 $ 82 85 200 90 510 Total Cost $ 4,920 21,250 18,000 $44,170 Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 230 units of inventory from the May 5 purchase, and 180 units from the November 3 purchase