During the year, Wright Company sells 500 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 Unit Units Cost 60 $ 66 280 69 230 74 570 Total Cost $ 3,960 19,320 17,020 $40,300 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per unit # of units Cost per unit # of units Cost of Goods Available for Sale $ 0 Cost of Goods Sold $ 0 Cost per unit Ending Inventory $ 0 Beginning Inventory Purchases: May 5 Nov. 3 0 $ 0 0 0 $ 0 0 Total 0 $ 0 0 $ 0 0 $