During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Transaction Jan. 1 Beginning inventory May. 5 Purchase Nov. 3 Purchase Number of Unit Units Cost Total Cost 60 $82 $ 4,920 250 85 21,250 200 90 18,000 510 $44,170 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Answer is not complete. LIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory of units Cost per unit Cost of Goods Available for Sale # of units Cost per unit Cost of Goods Sold #of units Cost per Ending unit Inventory Beginning 605 82$ 4,920 60 $ 82 $ 4,920 Inventory Purchases May 5 250 $ 85 Nov. 3 200 $ 900 Total 510 $ 21,250 18,000 44,170 250 $ 160 $ 28 85 90 470 $ 21.250 14,400 40,570 40 $ 90 3,600 40 $ 3,600