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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 Trannsation

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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 Trannsation Jan. 1 lleginning inventory May. 5 Purchase Nov.) Purchase Number of Units 40 270 220 530 Unit Cost $60 71 76 Total Coat $ 2,720 19,170 16,220 $38,610 Calculate ending Inventory and cost of goods sold for the year, assuming the company uses LIFO. LIFO Cont of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale $ 0 Cost of Goods Sold of units Cost per unit Cont of Goods Sold $ Ending Inventory # of units Cost per unit Ending Inventory $ 0 0 Beginning inventory Purchases May 5 Nov. 3 Total 0 0 $ $ 0 0 0 0 0 $ 0 $ 0 0 $ 0

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