During the year, Wright Company sells 520 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year Jan. 1 May. 5 No.) Transaction Beginning inventory Purehase Purchase tumber of Units 50 275 Unit Cost $ 67 70 Total Cost $ 3.350 19.250 225 $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. - Activity Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cost Beginning inventory Purchase May Nov 3 Purchase Total