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During the year, Trombley Incorporated has the following inventory transactions. Unit Cost $ 24 Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9
During the year, Trombley Incorporated has the following inventory transactions. Unit Cost $ 24 Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 22 27 32 32 113 23 22 20 Total Cost $ 528 621 704 640 $2,493 For the entire year, the company sells 88 units of inventory for $32 each. 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cos 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 Average Cost of Goods # of units Cost per Available for unit Sale # of units Sold Average Cost per Unit Cost of Goods Sold # of units in Ending Inventory Average Cost per unit Ending Inventory 22 $ 528 Beginning Inventory Purchases: Mar. 4 27 621 Jun.9 32 704 Nov. 11 32 640 2,493 Total 113 $ Sales revenue Gross profit
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