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 Transaction Beginning inventory Purchase Purchase Number of Units 60 280 Unit Cost $ 66 69 74 Total Cost $ 3,960 19,320 17,020 $40,300 230 570 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO