Brief Exercise 6-7 Calculate ending inventory and cost of goods sold using weighted-average cost (LO6-3)

During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year.

Date	Transaction	Number of Units			Unit Cost			Total Cost
Jan. 1	Beginning inventory		60		$	82		$	4,920
May. 5	Purchase		250			85			21,250
Nov. 3	Purchase		200			90			18,000
			510					$	44,170

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.)