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During the year, Wright Company sells 535 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number Date

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During the year, Wright Company sells 535 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number Date Jan. 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase of Units Unit Cost Total Cost $65 2,600 19,380 17,155 40 285 235 68 73 560 $ 39,135 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO IFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Available for Sale Average Goods | Average Cost of Goods Sold Average Ending # of units Cost per # of units cost per | # of units Cost per unit nventory unit unit Beginning Inventory Purchases May 5 Nov. 3 Total

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