During the year, Wright Company sells 495 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year Total Cost Date Transaction Beginning Jan. 1 inventory $ 4,140 Number of Unit Units Cost 60 $ 69 265 72 215 77 540 May. 5 Purchase Nov. 3 Purchase 19,888 16,555 $ 39,775 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 Activity Unit Cost Ending Inventory Cost $ Jan. 1 May 5 Units Sold Unit Cost 80s 69 2657 72 2157 77 540 Cost of Goods Sold Ending Inventory Units $ 4.140 19.080p 16,5557 $ 39,775 0 Beginning Inventory Purchase Purchase Total 69 72 0 Nov. 3