During the year, Wright Company sells $330$ remote$-$control airplanes for $$110$ each. The company has the following inventory purchase

transactions for the year.

Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Item$4$

$2$

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During the year, Wright Company sells $330$ remote$-$control airplanes for $$110$ each. The company has the following inventory purchase transactions for the year.

Date Transaction Number of Units Unit Cost Total Cost

January $1$ Beginning inventory $60$ $ $73$ $ $4,380$

May $5$ Purchase $2057615,580$

November $3$ Purchase $110818,910$

$375$ $ $28,870$

Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO.