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 Unit Cost $ 71 74 Total Cost $ 2,840 18,870 16,195 $37,905 205 79 500 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Available for Sale Cost of Goods # of units Cost per unit Available for Sale Cost of Goods Sold Cost per unit Costa unit Cost of Goods # of units Sold $ 0 $ . # of units Ending Inventory Ending Cost per unit Inventory Beginning Inventory Purchases: May 5 Nov. 3 Total 0 $ 0 0 101