During the year, Wright Company sells 535 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Unit Date January 1 May 5 Transaction Units Cost Total Cost Beginning inventory Purchase 40 285. $ 65 68 $ 2,600 19,380 November 3 Purchase 235 73 17,155 $ 560 39,135 Calculate ending inventory and cost of goods sold for the year, assuming the company uses LIFO. Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory LIFO Number Cost per of units unit Beginning Inventory 40 $ 65 $ Cost of Goods Available for Sale 2,600 Number of units Cost per Cost of Goods unit Sold Number of units Cost per unit Ending Inventory Purchases: ces May 5 285 $ 68 19,380. November 3 235 $ 73 17,155 Total 560 $ 39,135