During the year, Wright Company sells $495$ remote$-$control airplanes for $$100$ each. The company has the following inventory purchase transactions for the year.

$\backslash$table$[[$Date$,$Transaction,Number of Units,$\backslash$table$[[$Unit$],[$Cost$]],$Total Cost$],[$January $1,$Beginning inventory,$50,$$$67,$$$3,350],[$May $5,$Purchase,$275,70,19,250],[$November $3,$Purchase,$225,75,16,875],[,,550,,$$$39,475]]$

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

$\backslash$table$[[$FIFO$,$Cost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory$],[$Number of units,Cost per unit,Cost of Goods Available for Sale,Number of units,Cost per unit,Cost of Goods Sold,Number of units,Cost per unit,,$],[$Beginning Inventory,$50,$$ $67,$$$,3,350,,$$$,0,,,,],[$Purchases:$,,,,,,,,,,,,],[$May $5,275,70,,19,250,,,,0,,,,],[$November $3,225,75,,16,875,,,,0,,,,],[$Total$,550,,$$$,39,475,0,,$$$,0,0,,$$$,0]]$