HOP Save Brief Exercise 6-7 Calculate ending inventory and cost of goods sold using weighted-average cost (L06- 3) During the year. Wright Company sells 520 remote-control airplanes for $100 each. The company has the following inventory purchase transactions for the year. Number of Unit Date Transaction Units Cost Total cost Jan. 1 Beginning inventory 50 $ 67 $3,350 May. 5 Purchase 275 70 19,250 Nov. a Purchase 225 75 16,875 5se $39,475 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 Average cost of Goods of units Cost per Available for unit Sale 50 $ 3,350 Cost of Goods Sold - Weighted Average Ending inventory - Weighted Average Cost Cost #of units Average Cost Cost of Goods # of units Average Cost sold Ending in ending per Unit Sold Inventory per unit Inventory Beginning Inventory Purchases: Mav5 275 19 250 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 Cost per Available for #of units Average Cost Cost of Goods unit sold Sold Sale per Unit 50 $ 3,350 Ending Inventory - Weighted Average Cost #of units in ending Average Cost Ending per unit inventory Inventory Beginning Inventory Purchases May 5 Nov 3 Total 275 225 550 19,250 16,875 39,475 5 S 0.00 $ 0.00