ok. During the year, Wright Company sells 450 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Number of Unit Total Date January 1 May 5 Transaction Units Cost Cost Beginning inventory Purchase 50 $78 $3,900 230 81 18,630 November 3 Purchase 180 86 15,480 460 $38,010 t FIFO Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Number of units Cost per unit Cost of Goods Number ences Beginning Inventory 50 $ 78 Available for Sale $ 3,900 of units Cost per Cost of Goods unit Sold Number of units Cost per Ending unit Inventory Purchases: May 5 230 81 18,630 November 3 180 86 15,480 Total 460 $ 38,010