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I just need some help on the parts of the question in red that I got wrong. 5 Required information The following information applies to

I just need some help on the parts of the question in red that I got wrong. image text in transcribedimage text in transcribed

5 Required information The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transaction:s Part 1 of 4 Number of Units 59 139 209 119 526 Unit Cost Transaction Date Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Total Cost $ 3,009 7,367 11,704 6,783 $ 51 0.56/0.8 points awarded 53 56 57 Scored $28,863 For the entire year, the company sells 445 units of inventory for $69 each Required 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. Cost of Goods Available for FIFO Cost of Goods Sold Ending Inventory Sale Cost of Cost Cost per unit Cost of Goods Sold Cost #of units #of units Ending Inventory Goods for Sale 3,009 per unit per unit Available units Beginning Inven 59$ 51 590$ 51 |$ 3,009 Purchases 139 S 537,367 139 $ 53 7,367 11.704 2095611.704 Jul.16 Required information Required 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. ost of Goods Availabl Part 1 of 4 FIFO Cost of Goods Sold Ending Inventory Sale Cost per unit Cost of Goods Available for Sale Cost per unit Cost of Goods Sold Cost per Inventory unit #of units #of units Ending #of units 0.56/0.8 points awarded Beginning Purchases Apr. 7 Jul. 16 Oct.6 59. $ 510$ 3,009 9 51 3,009 nven Scored 139 $ 537,367139 53 7 7.367 11.704 6,783 $28,863 0 119 526 11,704 56,783 $ 28,863 209 56 119 X $ 57 445 50 x $ 57 50 2,850 Total *Red text indicates nD response was expected ira cell or formula-based calculation is incorrect; no points deducted. S 2,850 Sales revenue 30,705 Gross profit 1,842

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