During the year, Wright Company sells 495 remote control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Number Date Transaction of Units Unit Cost Total Cost Jan. 1 Beginning inventory 50 $67 $ 3,350 May 5 Purchase 275 70 19,250 Nov. 3 Purchase 225 75 16,875 550 $ 39,475 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Ending Inventory Cost of Goods Available for Sale Cost of Average Goods #of units Cost per Available for Sale Cost of Goods Sold Average Cost of # of units Cost per Goods unit Sold Average Ending #of units Cost Inventory per un Beginning Inventory Purchases May 5 Nov 3 Total