During the year, Wright Company sells $460$ remote$-$control airplanes for $$120$ 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 FIFO.

$\backslash$table$[[\backslash$table$[[$FIFO$],[$Beginning Inventory$]],$Cost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory$],[\backslash$table$[[\backslash$table$[[$Number$],[$of units$]]],[40]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Available for Sale$]],\backslash$table$[[$Number$],[$of units$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[\backslash$table$[[$Cost of Goods$],[$Sold$]]]],\backslash$table$[[$Number$],[$of units$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$$$,80,$$$,3,200],[\backslash$table$[[$Purchases:$],[$May $5]]],[$May $5,240,,83,,19,920,,,,,,],[$November $3,190,,88,,16,720,,,,,,],[$Total$,470,,,$$$,39,840,,,,,,]]$