During the year, Wright Company sells 550 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Number of Unit Total Date Transaction Units Cost Cost January 1 May 5 Beginning inventory Purchase. 50 $64 $3,200 290 67 19,430 November 3 Purchase 240 72 17,280 580 $39,910 Calculate ending Inventory and cost of goods sold for the year, assuming the company uses LIFO. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory LIFO Number Cost per of units unit Cost of Goods Available for Sale Number of units Beginning Inventory 50 $ 64 $ 3,200 60 unit $ 64 $ Cost per Cost of Goods Sold Number Cost per of units unit Ending Inventory 3,840 Purchases: May 5 290 $ 67 November 3 240 $ 62 19,430. 0 72 17,280 0 Total 580 S 39,910 60 $ 3.840) 0. $