During the year, Wright Company sells $500$ remote$-$control airplanes for $$120$ each. The company has the following inventory purchase transactions for the year.

Date Transaction Number of Units Unit Cost Total Cost

January $1$ Beginning inventory $40$ $ $68$ $ $2,720$

May $5$ Purchase $2707119,170$

November $3$ Purchase $2207616,720$

$530$ $ $38,610$

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