During the year, Wright Company sells 495 remote control airplanes for $100 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 50 275 225 Unit Cost Total Cost $67 $ 3,350 70 19,250 75 16,875 550 $ 39,475 USA Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Average Cost of Goods # of units Cost per Available unit for Sale Average Cost of # of units Cost per Goods unit Sold Average Ending # of units Cost Inventory per unit Beginning Inventory o search o Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Cost of Goods Sold Ending Inventory Average Cost of # of units Cost per Goods unit Sold Average Cost # of units Ending per unit Inventory FIFO Cost of Goods Available for Sale Cost of Average # of units Cost per Goods unit Available for Sale Beginning Inventory Purchases May 5 Nov 3 Total e to search o i E