Why a WAV weighs so much
Because it compresses nothing. It stores every sample of the sound exactly as it came in: 44,100 samples a second, two channels, two bytes each. That's ten megabytes a minute, six hundred an hour, and a full day of recording can approach five gigabytes.
In exchange it's the format that loses nothing, which is precisely what you want when the recording is a master to be archived or material heading into an editor. For transcription it isn't necessary — the result is identical to a decent MP3 — but it does no harm either.