During the year, Wright Company sells 570 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year Date Transaction Jan. 1 Beginning inventory May. 5 Purchase Nov. 3 Purchase Number of Unita 40 300 250 590 Unit Cost $ 62 65 70 Total Cost $ 2,480 19.500 17.500 $39,480 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. LIFO Cost of Goods Available for Sale Cost of Goods # of units Cost per unit Available for Sale Cost of Goods Sold Cost of Goods # of units Cost per unit Sold Ending Inventory Ending of units Cost per unit Inventory Beginning Inventory Purchases May 5 Nov. 3 Total