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 January 1 May 5 November 3 LIFO Beginning Inventory Purchases May 5 November 3 Transaction Beginning inventory Purchase Purchase Calculate ending Inventory and cost of goods sold for the year, assuming the company uses LIFO Total Cost of Goods Available for Sale Number of units 50 Cost per unit $ 275 S 225 $ 550 67 15 70 75 Number of Units Unit Cost Total Cost 50 275 225 550 S $67 70 75 Cost of Goods Available for Sale 3,350 $ $3,350 19, 250 16,875 $39,475 19,250 16,875 39,475 Number of units Cost of Goods Sold Cost per unit Cost of Goods Sold Ending Inventory Number of units Cost per Ending Inventory unit

During the year, Whight Company sells 520 remote-control airpianes for $100 each. The company has the following inventory purchase transactoons for the year. Calculate ending inventory and cost of goods sold for the year, assuming the company uses LFO