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Exercise 6-4 Calculate inventory amounts when costs are rising (LO6-3) 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 (LO6-3) The following information applies to the questions displayed below. During the year, TRC Corporation has the following inventory transactions. Unit Cost Number of Units 49 129 199 109 Total Cost $2,009 5,547 9.154 5,123 Transaction Date Jan. 1 Apr. 7Purchase Jul. 16 Oct. 6 Beginning Inventory 43 46 47 Purchase Purchase $ 21,833 486 For the entire year, the company sells 428 units of inventory for $59 each Exercise 6-4 Part 3 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Weighted-Average Cost per unit" to 4 decimal places) Cost of Goods Sold-Weighted Ending Inventory-Weighted Average Cost of Goods Available for Sale Average Cost Cost Weighted Average Cost Average Unit Average Cost of Goods # of units Average in Ending Cost per Inventory Inventory unit Ending | # of units # of units Cost per Available for Sale Sold Cost per Cost of unit Beginning Inventory 49 2,009 Purchases Apr 07 Jul 16 Oct 06 129 199 109 486 5,547 9,154 5,123 21,833 Tolal 428 Sales revenue Gross profit
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