During the year, wright Company sels 420 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year Date Jan, 1 May 5 Purchase Nov. 3 Purchase Number of Units 40 225 175 Transaction Beginning inventory Unit Cost Total Cost S77 3,080 18,000 14,875 3 80 85 440 S 35,955 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of | Average | Goods | units # of units, cost per l Available unit ! # of units Cost per! Average Cost of Goods Sold |#of units,cost Average Ending unit for Sale er unit Invento Beginning Inventory Purchases May 5 Nov. 3