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Financial Accounting: Just need help with the parts in red that are incorrect. View previous attempt 7 Required information The following information applies to the
Financial Accounting: Just need help with the parts in red that are incorrect.
View previous attempt 7 Required information The following information applies to the questions displayed below. During the year, TRC Corporation has the following inventory transactions Part 3 of 4 0.8 points Unit Cost Date Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 59 139 209 119 526 Transaction Total Cost $ 3,009 7,367 11,704 6,783 $28,863 $ 51 53 56 5 7 eBook Print References For the entire year, the company sells 445 units of inventory for $69 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.) Cost of Goods Sold - Weighted Average Ending Inventory - Weight Cost of Goods Available for Sale Average Cost Cost Weighted Average Cost Cost ofGoods | # of units Cost per bt | # of units Ending Cost of Required information 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.) Cost of Goods Sold - Weighted Average Cost Part 3 of 4 Cost of Goods Available for Sale Ending Inventory - Weighted Average Cost Weighted Average Cost Cost of Goods Available for Sale # of units #of units Cost per unit #of units Sold Cost of Goods Sold in Ending Inventory Ending Inventory Cost per Unit Cost per unit 0.45/0.8 points awarded Beginning Inventory 59 $3,009 Scored Purchases Apr 07 Jul 16 Oct 06 139 209 119 526 $69.0000 $ 28.863 | 445 $ 7,367 11.704 6,783 Total 54.87000$ 24.417 8154.8700 $4,444 Sales revenue $ 30,705 $ 1,842 Gross profitStep by Step Solution
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