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 jan. 1 May 5 Nov. 3 Transaction Beginning Inventory Purchase Purchase Number of Units 60 265 215 540 Unit Cost $ 69 72 72 Total Cost $ 4,140 19,080 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 Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cost Jan. 1 Mays Activity Beginning inventory Purchase Purchase Total Noy 3