During the year, Wright Company sells 490 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 40 270 220 530 Unit Cost $ 68 71 76 Total Cost $ 2,720 19,170 16,720 $38,610 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale Cost of Goods Sold of units Cost per unit Cost of Goods Sold Ending Inventory Cost per unit Ending Inventory w of units Beginning Inventory Purchases: May 5 Nov. 3 Total