During the year, Wright Company sells $535$ 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 $40$ $ $65$ $ $2,600$

May $5$ Purchase $2856819,380$

November $3$ Purchase $2357317,155$

$560$ $ $39,135$

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