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Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has

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Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) [The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Number Unit Date of Units Cost Total Cost Transaction Jan. 1 Beginning inventory 26 $ 28 $ 728 Mar. 4 Purchase 31 27 837 Jun. 9 Purchase: 36 936 26 36 Nov.11 Purchase 24 864 129 $3,365 For the entire year, the company sells 99 units of inventory for $36 each. 64 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 2 decimal places and all other answers to the nearest whole number.) Answer is complete but not entirely correct. Cost of Goods Available for Sale Cost of Goods Sold-Weighted Average Cost Ending Inventory-Weighted Average Cost Weighted Average Cost # of units Average Cost per unit Cost of Goods Available #of units Average Cost of Cont Goods per Unit Sold Average Cost per unit Sold for Sale Beginning Inventory Purchases Mar 4 Jun 9 Nov.11 $103.00 0.00 Total 26 31 588 8 30 36 129 S 728 837 936 864 3,365 90$ 0.00$ 2,645 O #of units in Ending Inventory 30 $ Ending Inventory 720

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