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 Total Units Cost Cost 60 82 94.920 250 85 21,250 200 90 18,000 $44,170 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. LIFO Cost of Goods Available for Sale # of units Cost per unit Cost of Goods of $ 825 4.920 Cost of Goods Sold Cost per unit Cost of Goods Sold of units Ending Inventory Ending of units Cost per unit Inventory 40 $ 82 $ 3.280 Beginning Inventory Purchases: May 5 250 21,2501 250 $ 2007 S 510 85 90 Nov. 3 21.250 18,000 44,170 Total 250 $ 3,280