Help Save & Exit Submit Saver ORK During the year, Wright Company sells 570 remote control airplanes for $120 each. The company has the following inventory purchase transactions for the year Date Jan. 1 May, s Nov3 Transaction Beginning inventory Purchase Purchase Number of Units 40 250 590 Unit Cost $ 62 65 70 Total Cost $ 2,480 19,500 17,500 $39,480 Calculate ending inventory and cost of goods sold for the year, assuming the company uses specific identification Actual sales by the company include its entire beginning inventory, 290 units of inventory from the May 5 purchase, and 240 units from the November 3 purchase Unit Cost Units Sold Unit Cost Ending Inventory cost $ Cost of Goods Sold Ending Inventory Units Date 407s 05 70 Jan 1 May 5 Nov. 3 Activity Beginning Inventory Purchase Purchase Total 62 $ 85 70 $ 2.480 0 0 2.480 s 40 3 of 29 656 6/28/ 84'F Rain to stop O RI search