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correct the mistake During the year, TRC Corporation has the following inventory transactions. Date Jan. 1 Apr. 7 Jul.16 Oct. 6 Transaction Beginning inventory Purchase

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During the year, TRC Corporation has the following inventory transactions. Date Jan. 1 Apr. 7 Jul.16 Oct. 6 Transaction Beginning inventory Purchase Purchase Purchase Number of Units 40 120 190 100 Unit Cost $ 32 34 37 38 Total Cost $ 1,280 4,080 7,030 3,800 $ 16, 190 450 For the entire year, the company sells 400 units of inventory for $50 each. 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.) Answer is complete but not entirely correct. Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Cost per # of units Cost of Goods Available for Sale # of units Sold Cost of Goods Sold Cost per Unit # of units in Ending Inventory unit Ending Inventory Cost per unit 40 $ 1,280 Beginning Inventory Purchases: Apr 07 120 Jul 16 190 4,080 7,030 3,800 16,190 Oct 06 100 Total 450 $35.9778 $ 400 $ 35.9788 $ 4,391 x 50 $ 35.9778 $ 1,799

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