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

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During the year, TRC Corporation has the following inventory transactions. Number of Units Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Unit Cost $ 41 43 46 129 199 Total Cost $ 2,009 5,547 9. 154 5, 123 $21,833 47 For the entire year, the company sells 428 units of inventory for $59 each. Exercise 6-4A Part 2 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods unit Available for Sale # of units Cost per # of units Cost per Cost of Goods Sold # of units unit Cost Ending per unit Inventory Beginning Inventory Purchases Apr 07 Jul 16 Oct 06 Total Sales revenue Gross profit en el trading of Exercise 6-4A Part 3 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 of Goods of units of units Cost per unit Available for Sale Cost per Unit Sold of units in Ending Cost of Goods Sold Goods Sold Cost per unit Ending Inventory Inventory Beginning Inventory 2009 Purchases Apr 07 Jul 16 Oct 06 Total 5.547 9.154 5.123 21,833 $

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