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 Unit Total Units Cost Cost 40 $62 $2,480 300 65 19,500 250 70 17,500 $39, 480 590 Calculate ending Inventory and cost of goods sold for the year, assuming the company uses weighted-average cost. (Round your average cost per unit to 4 decimal places.)