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. Date Jan. 1 Apr. 7 Jul. 16 Oct. 6 Transaction Beginning inventory Purchase Purchase Purchase Number of Units 50 130 200 110 Unit Cost $ 42 44 47 48 Total Cost $ 2,100 5,720 9,400 5,280 490 $ 22,500 For the entire year, the company sells 440 units of inventory for $60 each. 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Weighted-Average Cost per unit 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 50 $ 2,100 Beginning Inventory Purchases: Apr 07 Jul 16 130 200 5,720 9,400 5,280 22,500 Oct 06 110 Total 490 $ Sales revenue Gross profit