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 Jan. 1 Beginning inventory May. 5 Purchase Nov. 3 Purchase Number of Unita 40 270 220 530 Unit Total Cost Coat $ 68 $ 2,720 71 19,170 16,720 $38,610 76 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Cost of Goods Sold of units Cost per unit Cost of Goods Ending Inventory Ending # of units Cost per unit Inventory LIFO Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale Beginning Inventory Purchases: May 5 Nov. 3 Total