Brief Exercise $6-7($Algo$)$ Calculate ending inventory and cost of goods sold using weighted$-$average cost $($LO$6-3)$

During the year, Wright Company sells $475$ remote$-$control airplanes for $$120$ each. The company has the following inventory purchase transactions for the year.

$\backslash$table$[[$Date$,$Transaction,Number of$,$Unit,$],[$January $1,$Beginning inventory,$40,$$$71,$$$2,840$