During the year, Wright Company sells 490 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Date Transaction Units Unit Cost Total Cost Jan. 1 May. 5 Nov. 3 Beginning inventory 40 $ 68 $2,720 Purchase 270 71 19,178 Purchase 220 530 76 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 # of units Cost of Goods Sold Cost per unit Ending Inventory Cost of Goods Sold # of units Cost per unit Ending Inventory Beginning Inventory Purchases May 5 Nov 3 Total