Question
During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 54 $
During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 54 $ 46 $ 2,484 Apr. 7 Purchase 134 48 6,432 Jul. 16 Purchase 204 51 10,404 Oct. 6 Purchase 114 52 5,928 506 $ 25,248 For the entire year, the company sells 440 units of inventory for $64 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.)
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