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

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During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 59 139 209 119 526 Unit Cost $ 51 53 56 57 Total Cost $ 3,009 7,367 11,704 6.783 $28,863 For the entire year, the company sells 445 units of inventory for $69 each. [HINTS: In this problem, you are asked to compute COGS and ending inventory using FIFO, LIFO and average cost using tables with 3 major columns: goods available for sale, COGS, and ending inventory For FIFO/LIFO, enter the # of units in beginning/ending inventory and the cost per unit will automatically carry into the COGS column. For average cost round the average cost per unit to 4 decimal places. After each table, you'll be asked to compute Gross Profit.) Cost of Goods of units 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.) 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 # of units Available for Cost per Unit Cost of unit Ending Sold in Ending Sale Goods Sold Cost per unit Inventory Inventory Beginning Inventory 59 $ 3,009 Purchases Apr 07 139 7,367 Jul 16 209 11,704 Oct 06 119 6,783 Total 526 28,863 Sales revenue Gross profit

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