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

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During the year, TRC Corporation has the following inventory transactions.

Date		Transaction	Number of Units			Unit Cost			Total Cost
Jan.	1	Beginning inventory		47		$	39			$	1,833
Apr.	7	Purchase		127			41				5,207
Jul.	16	Purchase		197			44				8,668
Oct.	6	Purchase		107			45				4,815
				478						$	20,523

For the entire year, the company sells 426 units of inventory for $57 each.

Exercise 6-4A Part 3

3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit