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 Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Unita 40 270 220 530 Unit Coat $ 68 71 76 total Cost $ 2,720 19,170 16,720 $38,610 Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification. Actual sales by the company include its entire beginning inventory, 250 units of inventory from the May 5 purchase, and 210 units from the November 3 purchase Date Units Sold Unit Cost Unit Cost Ending Inventory Cost $ Jan. 1 May 5 Nov. 3 Activity Beginning Inventory Purchase Purchase Total Cost of Goods Sold Ending Inventory Units $ 0 40 0 250 01 210 $ 0 500 loooo 0 $