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		58		$	50			$	2,900
Apr.	7	Purchase		138			52				7,176
Jul.	16	Purchase		208			55				11,440
Oct.	6	Purchase		118			56				6,608
				522						$	28,124

For the entire year, the company sells 444 units of inventory for $68 each.

3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 4 decimal places and all other answers to the nearest whole number.)

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