Question: Brief Exercise 6 - 7 ( Static ) Calculate ending inventory and cost of goods sold using weighted - average cost ( LOG - 3

Brief Exercise 6-7(Static) Calculate ending inventory and cost of goods sold using weighted-average cost (LOG-3)
During the year, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase transactions for the year.
\table[[Oate,Transaction,Number of,Unit,],[January 1,Beginning inventory,Units,Cost,Total Cost],[May 5,Purchase,60,$82,$4,920
Brief Exercise 6-7(Static) Calculate ending inventory and cost of goods sold

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