Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CH6 HOMEWORK Part 1 8 Required information [The following information applies to the questions displayed below.] Part 3 of 4 During the year, TRC Corporation

image text in transcribed

image text in transcribed

CH6 HOMEWORK Part 1 8 Required information [The following information applies to the questions displayed below.] Part 3 of 4 During the year, TRC Corporation has the following inventory transactions 5 points Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul. 16 Purchase Oct. 6 Purchase Number of Units Unit Cost 52 $ 44 132 46 202 49 112 50 498 Total Cost $ 2,288 6,072 9,898 5,600 $23,858 03:06:51 eBook Hint For the entire year, the company sells 432 units of inventory for $62 each. References 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Sold - Weighted Average Cost Ending Inven Cost of Goods Available for Sale For the entire year, the company sells 432 units of inventory for $62 each. of 4 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue and gross profit. (Round "Average Cos per unit" to 4 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory Weighted Average Weighted Average Cost 06:27 # of units Cost per unit Endin Cost of Goods # of units Available for Sold Sale Cost of Goods Sold Cost per Unit # of units in Ending Inventory Cost per unit Invent 52 $ 2,288 ok at Beginning Inventory Purchases Apr 07 Jul 16 6,072 Inces 132 202 112 498 Oct 06 Total 9,898 5,600 23,858 $ Sales revenue Gross profit 8 to search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Environmental Responsibility Accounting And Corporate Finance In The EU

Authors: Panagiotis Dimitropoulos, Konstantinos Koronios

1st Edition

3030727726, 9783030727727

More Books

Students also viewed these Accounting questions

Question

What is Accounting?

Answered: 1 week ago

Question

Define organisation chart

Answered: 1 week ago

Question

What are the advantages of planning ?

Answered: 1 week ago