During the year, Wright Company sells 480 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Date Jan. 1 May. 5 Transaction Number of Unite Unit Cost Total Cost Beginning inventory 50 $ 70 $ 3,500 Purchase 260 73 18,980 Nov. 3 Purchase 210 78 520 16,380 $38,860 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 Sold Ending Inventory # of units Cost per unit Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Sold # of units Cost per unit Ending Inventory Beginning Inventory Purchases: May 5 Nov. 3 Total