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During the year. TRC Corporation has the following inventory transactions. Number of Units Unit Cost $ 52 60 Date Transaction Jan. 1 Beginning inventory Apr.
During the year. TRC Corporation has the following inventory transactions. Number of Units Unit Cost $ 52 60 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase 54 140 210 120 530 57 58 Total Cost $ 3, 120 7,560 11,970 6,960 $29,610 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 - Weighted Average Cost Weighted Average Cost # of units Average # of units Cost per unit Cost of Goods Available for Sale # of units Sold Average Cost of Cost per Unit Goods Sold Average Ending Cost per unit Inventory Inventory $ 3,120 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 7,560 11,970 6,960 29,610 120 530 | $
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