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 Dute Jan. 1 May. S Nov. 3 Transaction Beginning inventory purchase Purchase it Cost 5. 67 Total Cost 3.200 19,40 17.20 $39.910 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, 275 units of inventory from the May 5 purchase, and 225 units from the November 3 purchase. Date Activity Units Sold Unit Cost Cost of Goods Sold Ending Inventory Units Unit Cost Ending Inventory Cost Beginning inventory May 5 Purchase Total