Seved 2 During the year, Wright Company sells 520 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year B nts Date Jan. 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Number of Units 40 300 250 Unit Cost Total Cost $62 $ 2,480 65 19,500 70 17,500 eBook 590 $ 39,480 Print References Calculate ending inventory and cost of goods sold for the year, assuming the company uses FIFO. FIFO Cost of Goods Sold Ending Inventory Average Ending Cost of Goods Available for Sale Cost of Average of units Cost per Goods unit Available for Sale 5 0 of units Average cost of of units Cost per Goods unit Sold $ 0$ 0 Cost Inventory per unit Beginning Inventory Purchases May 5 Nov. 3 Total $ 0 OOO $ 0 0 0 $ 3 During the year, Wright Company sells 320 remote-control alrplanes for $100 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 Units Unit Cost Total Cost 50 $72 $ 3,600 200 75 15,000 100 80 8,000 BOOM 350 $ 26,600 Print References Calculate ending Inventory and cost of goods sold for the year, assuming the company uses LIFO LIFO Cost of Goods Sold Ending Innofory Average India Cont of Goods Available for Sale Cost of Average # of units Cost per Goods Available unit for Sale $ 0 Average #of units Cost per unit Cost of Good Sold Hof units Cool per un Inventory $ OS 0 Beginning Inventory Purchases: May 5 Nov. 3 $ DO 0 0 $ 0 $ 0 Total