During the year, Wright Company sells 495 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year.

Date	Transaction	Number of Units	Unit Cost	Total Cost
Jan. 1	Beginning inventory	60	$69	$	4,140
May 5	Purchase	265	72		19,080
Nov. 3	Purchase	215	77		16,555
		540		$	39,775

Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO.

Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available Average Ending Average Cost per unit AverageCost of | # of units Cost per Ending Invento # of units Goods Sold | # of units Cost . A unit for Sale Beginning Inventory Purchases: May 5 Nov. 3 Total Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Goods Available Average Ending Average Cost per unit AverageCost of | # of units Cost per Ending Invento # of units Goods Sold | # of units Cost . A unit for Sale Beginning Inventory Purchases: May 5 Nov. 3 Total