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I need help understanding cost of good sold why cost of good sold number of units is different on OCT 6. Please explain where u
I need help understanding cost of good sold why cost of good sold number of units is different on OCT 6. Please explain where u get the numbers. I will leave a thumbs up.
! ! Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 52 132 202 112 Unit Cost $ 44 46 49 50 Total Cost $ 2,288 6,072 9,898 5,600 $23,858 498 = For the entire year, the company sells 432 units of inventory for $62 each. Required: 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Cost per unit # of units Cost # of units Cost of Goods Available for Sale $ 0 Cost per unit Cost of Goods Sold Ending # of units per unit Inventory $ 0 $ 0 Beginning Inventory Purchases: Apr. 7 Jul. 16 0 $ 0 0 0 $ 0 0 0 $ 0 0 Oct. 6 Total 0 0 $ 0Step by Step Solution
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