Brief Exercise 6-7 (Algo) Calculate ending inventory and cost of goods sold using weighted-average cost (LO6-3) During the year, Wright Company sells 550 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Calculate ending inventory and cost of goods sold for the year, assuming the company uses weighted-average cost. (Round your average cost per unit to 4 decimal places.)