During 2015, wright company sells 495 remote control airplanes for

During 2015, Wright Company sells 330 remote control airplanes for $110 each. The company has the following inventory purchase transactions for 2015.

 

  Date   Transaction Number
of Units
Unit Cost Total Cost
  Jan. 1   Beginning inventory 60        $73  $ 4,380     
  May 5   Purchase 205        76   15,580     
  Nov. 3   Purchase 110        81   8,910     
   
 

    375          $ 28,870     
   

 




 

Calculate ending inventory and cost of goods sold for 2015 assuming the company uses LIFO.