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During the year, Wright Company sells 515 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Jan.

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During the year, Wright Company sells 515 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 $63 295 66 245 71 Total Cost $ 3,780 19,470 17,395 $40,645 Calculate ending Inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Available for Sale Cost of Goods Sold Cost per unit Cost of Goods of units Ending Inventory Ending Cost per unit Inventory of units Beginning Inventory Purchases: May 5 Nov. 3 Total

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