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 425 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date January 1 May 5 November 3 Weighted Average 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.) Cost Beginning Inventory Purchases: Total May 5 November 3 Transaction Beginning inventory Purchase Purchase Cost of Goods Available for Sale Number of units 60 Number of Unit Units Cost $79 60 235 82 170 87 465 235 170 465 Average Cost per unit Cost of Goods Available for Sale $ $ 4,740 Total Cost $4,740 19,270 14,790 $38,800 19,270 14,790 38,800 Cost of Goods Sold - Weighted Average Cost Number of units sold Average Cost per Unit Cost of Goods Sold Ending Inventory - Weighted Average Cost Number of units in ending inventory Average Cost per unit Ending Inventory

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 425 remote-control alplanes for $110 each. The compary has the following inventory purchase transactions for the yeat. Calculate ending inventory and cost of goods sold for the year, assuming the compony uses weighted-averoge cost. (Round your average cost per unit to 4 decimal places.) Brief Exercise 6-7 (Algo) Calculate ending inventory and cost of goods sold using weighted-average cost (LO6-3) During the year, Wright Compary sells 425 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Calculate ending inventory and cost of goods sold for the yeat, assuming the company uses weighted-average cost. (Round your average cost per unit to 4 decimal places.)