During the year, Wright Company sells 500 remote-control airplanes for $120 each. The company has the following inventory purchase transactions for the year. Number of Units 40 Date Jan. 1 May. 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Unit Cost $ 68 71 76 270 220 530 Total Cost $ 2,720 19,170 16,720 $38,610 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 Cost Average Cost of Goods # of units Average Cost Cost of Goods # of units Cost per Available for sold Sold unit per Unit Sale $ 2,720 Ending Inventory Weighted Average Cost # of units Average Cost Ending in ending per unit Inventory inventory 40 Beginning Inventory Purchases: May 5 270 Nov.3 220 530 19,170 16,720 38,610 Total $ 72.8490 $ 500 $ 72.8490 $ 36,424.50 30 $ 72.8490 $ 2,185.47