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During the year, Wright Company sells 475 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of

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During the year, Wright Company sells 475 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Units Transaction Cost Total Cost $71 2,848 74 79 Date Jan Beginning inventory May. 5 Purchase Nov. 3 Purchase 48 18,878 16,195 255 285 $37,9e5 588 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods | Available for Sale | # of units | Cost per unit | Cost of Goods Sold Ending | # of units Cost per unit | Inventory # of units | Cost per unit Beginning Inventory Purchases: May 5 Nov. 3 Total

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