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During the yearWright Company sells 505 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year Date Jan. 1

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During the yearWright Company sells 505 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Unit Total Units Cost Cost 40 365 $ 2,600 285 19,350 235 73 17,155 $39.135 Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FO Coat of Goods Available for Sale N of units Cost per unit Cost of Goods Available for Sale Cost of Goods Sold Wof units Cost per unit Cost of Goods Sold Hof units Ending Inventory Cost per unit Ending Inventory Beginning inventory Purchases May 5 Nova Total

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