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Exercise 6-4 Calculate inventory amounts when costs are rising (L06-3) The following information applies to the questions displayed below.) During the year, TRC Corporation has
Exercise 6-4 Calculate inventory amounts when costs are rising (L06-3) The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Number of Units Date Jan. 1 Apr. 7 Jul. 16 Oct. 6 Unit ost $45 47 50 51 Total Cost 2,385 6,251 10,150 5,763 Transaction Beginning Inventory Purchase Purchase Purchase 53 133 203 113 502 $ 24,549 For the entire year, the company sells 433 units of inventory for $63 each
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