Brief Exercise 6-7 Calculate ending inventory and cost of goods sold using weighted average cost (LO6- 3) During the year. Wright Company selis 480 remote-control airplanes for $100 each. The company has the following Inventory purchase transactions for the year. Date Number of Unit Total Transaction Units Cost Cost Beginning Inventory 50 $70 $3,500 Purchase 2607318,980 Nov.) Purchase 210 78 16,30 9 520 $38,850 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.) 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 Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Ending Inventory - Weighted Average Cost Cost Average Cost of Goods of units Average Cost Cost of Goods #of units of units Cost per Available for unit Average Cost Ending sold Sale in ending per Unit Sold per unit inventory Inventory 50 S 3.500 Beginning inventory Purchases May 5 Nov3 Total 200 210 520 18.880 16.380 38.880 $ 0.001 0.00