During the year, Wright Company sells 520 remote-control airplanes for $100 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 Units 50 275 225 Unit Coat $ 67 70 75 Total Cost $ 3,350 19,250 16,875 $39.475 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, 260 units of inventory from the May 5 purchase, and 210 units from the November 3 purchase. Date Activity Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cost Jan. 1 May 5 Nov. 3 Beginning Inventory Purchase Purchase $ 0 Total