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 May. 5 Nov. 3 Number of Units 60 Transaction Beginning inventory Purchase Purchase Unit Cost 66 69 250 230 Total Cost 3.960 19,320 17, eze $40,300 57e 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. 255 units of inventory from the May 5 purchase, and 210 units from the November 3 purchase. Date Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cost Jan 1 May 5 Nov 3 Activity Beginning Inventory Purchase Purchase Total