During the year, Wright Company sells 495 remote control airplanes for $110 each. The company has me following inventory purchase transactions for the year Date Transaction Jan. 1 Beginning inventory May, 5 Purchase Nov. 3 Purchase Number of Unit Units Cost be $ 69 265 72 215 77 Total Cost $ 4,140 19,880 16,555 $39,775 540 Calculate ending inventory and cost of goods sold for the year. assuming the company uses specific identification Actual sales by the company include its entire beginning inventory 230 units of inventory from the May 5 purchase, and 205 units from the November 3 purchase Date Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cost Jan 1 May 5 Nov. 3 Activity Beginning Inventory Purchase Purchase Total