Exercise 6-4 Calculate inventory amounts when costs are rising (LO6-3)

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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 the following inventory transactions. Number Unit of Units Date Transaction Cost Total Cost 42 2100 Jan. 1 Beginning inventory 50 5,720 Apr. 7 130 Purchase 44 200 47 Jul. 16 Purchase 9.400 1100 48 Oct. 6 Purchase 5,280 490 22,500 For the entire year, the company sells 440 units of inventory for $60 each