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help with homework( i want to be shown how to get these numbers) Required information The following information applies to the questions displayed below.) During
help with homework( i want to be shown how to get these numbers) Required information The following information applies to the questions displayed below.) During the year. TRC Corporation has the following inventory transactions Number of Units 40 Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Unit Cost $ 32 34 37 38 120 190 100 450 Total Cost $ 1,280 4,080 7,030 3,800 $16,190 For the entire year, the company sells 400 units of inventory for $50 each. Pomirada View Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of # of units Goods unit Available for Sale 40 $ 321 $ 1.280 Cost per # of units Cost per Cost of Goods Sold unit of units Cost Ending per unit Inventory 40 $ 32 $ 1,280 0 120 $ 34 120 $ 34 0 Beginning Inventory Purchases Apr 7 Jul. 16 Oct. 6 Total 4,080 7.030 190$ 37 190 5 0 4,080 7.030 3,800 $16.190 37 38 $ 38 S 0 100 450 s Sales revenue 20.000 Gross profit
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