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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 Date Jan. 1 Apr. 7 Jul. 16 Oct. 6 Number of Units 45 125 195 105 Unit Cost $37 39 42 43 Transaction Beginning inventory Purchase Purchase Purchase Total Cost 1,665 4,875 8,190 4,515 470 $ 19,24!5 For the entire year, the company sells 414 units of inventory for $55 each
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