During the year, Wright Company sells 525 remote control airplanes for $110 each. The company has the following inventory purchase transactions for the year Date Jan. 1 Mays HO. Transaction Beginning Inventory Purchase Purchase Number of Units 60 280 230 570 unit Cost 5 66 69 74 Total cost $ 3,960 19,220 17.020 $40,300 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Cost of Goods Available for Sale of units Cost per unit Cost of Goods Available for Sale 525 $ 1105 57.750 Cost of Goods Sold # of units Cost per unit Cost of Goods Sold 5 1105 0 Ending Inventory Ending of units Cost per unit Inventory Beginning Inventory Purchases May 5 Nov 3 Total $ 0 0 0 57.750 $ 0 OOO 525 S 0 5 0 S