During the year, Wright Company sells 505 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Units 40 Date Jan. 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Unit Cost $65 68 73 Total Cost $ 2,600 19,380 17,155 285 235 560 $ 39,135 Calculate ending inventory and cost of goods sold for the yearassuming the company uses FIFO. FIFO | cost of Goods Available for sale Cost of goods sold Ending Inventory Average lending Cost of Average Goods Average cost of # of units cost per # of units cost per Goods # of units Cost Elling Available Inventory unit for Sale unit Sold per unit of Tso Beginning Inventory Purchases May 5 Nov. 3 Total os of