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 Unit Units Cost $ 71 255 74 205 79 40 Total Cost $ 2,840 18.870 16,195 $37,905 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. LIFO Cost of Goods Available for Sale Cost of Goods of units Cost per unit Available for Sale Cost of Goods Sold cost merupit Cost of Goods Sold Ending Inventory of units Cost per unit Ending Inventory fuit Beginning Inventory Purchases: May 5 Nov. 3 Total