During the year, Wright Company sells 495 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Number of Unit Date Jan. 1 Transaction Units Cost Total Cost 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. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory of units Cost per unit Beginning Inventory Purchases 60 $ Cost of Goods Available for Sale 09 $ 4,140 of units Cost per unit Cost of Goods Sold of units Cost per unit Ending Inventory $ 69 $ May 5 265 $ 72 19,080 $ 72 0 Nov 3 215 $ 77 16,555 $ 77 Total 540 $ 39.775 $ $