During the year, Wright Company sells $450$ remote$-$control airplanes for $$100$ 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 $50$ $ $78$ $ $3,900$

May $5$ Purchase $2308118,630$

November $3$ Purchase $1808615,480$

$460$ $ $38,010$

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

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