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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 Unit

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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 Unit Number of Units Cost 60 $52 140 54 210 57 120 58 Total Cost $ 3,120 7,560 11,970 6,960 $29,610 530 For the entire year, the company sells 450 units of inventory for $70 each 3. Using weighted-average cost, calculate ending inventory cost of goods sold, sales revenue and gross profit. (Round "Average Cost per unit" to 2 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 - Welghted Average Cost Weighted Average Cost Cost of Goods of units Average Available for Cost per unit Sale of units Sold Average Cost of Cost per Unit Goods Sold of units in Ending Inventory Average Ending Cost per unit inventory 60 $ 3,120 Beginning Inventory Purchase Apr 07 JU16 Oct 06 Total 140 210 120 530 7,560 11,970 6.000 29.610 5

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