Question: Brief Exercise 6 - 7 ( Algo ) Calculate ending inventory and cost of goods sold using weighted - average cost ( LO 6 -

Brief Exercise 6-7(Algo) Calculate ending inventory and cost of goods sold using weighted-average cost (LO6-3)
During the year, Wright Company sells 495 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year.
\table[[Date,Transaction,Number of,Unit,],[January 1,Beginning inventory,Units,Cost,Total Cost],[May 5,Purchase,60,$69,$4,140
Brief Exercise 6-7(Algo) Calculate ending inventory and cost of goods sold

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