During the year, Wright Company sells 425 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Number Date Transaction of Units Unit Cost...

Extracted text: During the year, Wright Company sells 425 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Number Date Transaction of Units Unit Cost Total Cost $ 4,740 19,270 14,790 Jan. 1 $79 Beginning inventory Purchase 60 Мay 5 Nov. 3 235 82 Purchase 170 87 465 $ 38,800 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost of Average # of units Cost per Average # of units Cost per unit Cost of Goods Average Cost Goods Ending Inventory # of units Available unit for Sale Sold per unit Beginning Inventory $ $ $ Purchases: May 5 $ Nov. 3 $ Total