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During the year, Wright Company sells 495 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Date Transaction

During the year, Wright Company sells 495 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 $69 $ 4,140
May 5 Purchase 265 72 19,080
Nov. 3 Purchase 215 77 16,555

540 $ 39,775

Calculate ending inventory and cost of goods sold for the year, assuming the company uses weighted-average cost.

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