Brief Exercise 6-7 Calculate ending inventory and cost of goods sold using weighted-average cost (LO6- 3) During the year, Wright Company sells 525 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Number of Unit Date Jan. 1 May. 5 Nov. 3 Transaction Units Cost Total Cost Beginning inventory 60 $ 66 $ 3,960 Purchase 280 69 19,320 Purchase 230 74 570 17,020 $40,300 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.) Weighted Average Cost # of units Cost per unit Cost of Goods Available for Sale Average Cost of Goods Available for Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost # of units sold Average Cost Cost of Goods per Unit Sold Sale # of units in ending inventory Average Cost per unit Ending Inventory Beginning inventory 60 $ 3,960 Purchases: May 5 Nov.3 Total 280 19,320 230 17,020 570 40.300