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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 $42 Date Jan. 1 Apr. 7 Jul. 16 Oct. 6 Number of Units 50 130 200 110 Total Cost 2100 5,720 9,400 5,280 Transaction Beginning inventory Purchase Purchase Purchase 47 48 490 $ 22,500 For the entire year, the company sells 440 units of inventory for $60 each
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