Brief Exercise 6-7 Calculate ending inventory and cost of goods sold using weighted average cost (L06- 3) During the year. Wright Company sells 565 remote control al planes for $110 each. The company has the following inventory purchase transactions for the year Unit Cost Date Jan 1 May. S Nov. Transaction Beginning inventory Purchase Purchase Number of Units 60 295 245 600 Yotal Cost $ 3,780 19:470 17.395 540.45 70 Calculate ending inventory and cost of goods sold for the year, assuming the company uses weighted werage cost. (Round your overage cost per unit to 4 decimal places.) Cost Weighted Average Cost Cost of Goods Available for Sale Average cost of Goods # of units Cost per Available for unit Sale 00 5 3.780 Cost of Goods Sold-Weighted Average Ending Inventory - Weighted Average Cost of units Average Cost Cost of Goods of units Average Cout In ending Ending sold Sold per Unit Inventory per unit Inventory Beginning inventory Purchases May 5 Nov 3 Total 295 245 600 19.470 17 395 40.645 $