During the year, Wright Company sells 475 remote-control airplanes for $120 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 Units 40 255 205 Unit Cost $ 71 74 79 Total Cost $ 2,840 18,870 16,195 $37,905 500 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Answer is complete but not entirely correct. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods # of Cost per Available for units unit Sale 40$ S 71 S 2,840 # of units Cost per unit Cost of Goods Sold # of # units Cost per unit Ending Inventory 40$ 71 $ 2.840 10 XS 71 $ 710 Beginning Inventory Purchases: May 5 Nov. 3 Total 74 74 1,110 255$ S 205$ 500 74 79 18,870 16,195 37,905 255$ 180$ $ 79 18,870 14,220 35,930 15 X $ 25$ $ 50 79 1,975 S 475 $ $ 3,795 $