ok 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 Averago Cost of Goods Available for Sale Cost Ending Inventory. Welghted Average Cost Weighted Average Cost of units Cost per Cost of Goods Available for # of units Sold Sale unit Cost per Unit Cost of Goods Sold of units in Ending Inventory Cost per unit Ending Inventory 00 $ 3.120 Beginning inventory Purchases ences Apr 07 140 7.560 Jul 10 210 11,970 Oct 06 120 Total 5301 6,960 20,610 5 ! Required information (The following information applies to the questions displayed below.] of 4 During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Number of Units 60 140 210 120 Unit Cost $ 52 54 57 58 Total Cost $ 3, 120 7,560 11,970 6,960 $29,610 Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase 530 ook For the entire year, the company sells 450 units of inventory for $70 each. Hint 4. Determine which method will result in higher profitability when inventory costs are rising. Print