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Chapter 6 Assignment 3 Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) The following information applies to the questions displayed below)

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Chapter 6 Assignment 3 Required information Exercise 6-4A Calculate inventory amounts when costs are rising (LO6-3) The following information applies to the questions displayed below) During the year, TRC Corporation has the following inventory transactions Pert 2 of 4 10 points ber of UnitsUnit Cost Total Cost s 52 $ 3,128 7,560 11,970 6,960 $29,618 ntory Apr. 7 Purchase 218 Oct. 6 Purchase 530 eBook For the entire year, the company sells 450 units of inventory for $70 each Exercise 6-4A Part 2 2 Using LIFO calculate ending inventory, cost of goods sold, sales revenue, and gross profit Exercise 6-4A Part 2 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Cost of G Sold Cost of Cost Ending unit Available Sold Purchases: Apr 07 Oct 06 Exercise 6-4A Part 2 s Sold Sold Purchase Oct 06

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