4. 0.66 points Brief Exercise 6-7 Calculate ending inventory and cost of goods sold using weighted-average cost (LO6-3) During the year, Wright Company sells 525 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year. Number Dale Transaction of Units Unit Cost Total Cost Jan. 1 Beginning inventory 60 $66 $ 3,960 May 5 Purchase 280 69 19,320 Noy, 3 Purchase 230 74 17,020 570 S $ 40,300 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.) Ending Inventory - Weighted Average Cost Weighted Average Cost Cost of Goods Sold - Weighted Cost of Goods Available for Sale Average Cost Average cost of Goods # of units Average # of units Cost per Available for Cost per Cost of unit Sale sold Unit Goods Sold # of units In ending inventory Average Cost per unit Ending Inventory 60 $ 3,960 Beginning Inventory Purchases: May 5 Nov. 3 Total 280 230 570 19,320 17,020 40,300 $