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Required information Exercise 6-4B Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below) During the year, a

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Required information Exercise 6-4B Calculate inventory amounts when costs are rising (L06-3) [The following information applies to the questions displayed below) During the year, a company has the following inventory transactions Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Unit Number of Units Cost 51 543 131 45 201 45 111 49 494 Total Cost $ 2,193 5,895 5,439 523,175 For the entire year, the company sells 431 units of inventory for $61 each Exercise 6-4B Part 3 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.) For the entire year, the company sells 431 units of inventory for $61 each. Exercise 6-4B Part 3 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 Available for Sale Cost of Goods Sold Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Cost per of units Bol units Cost of Goods Available for Sale of units Sold Costot unit Cost per Unit Goods Sold in Ending Cost per unit Ending Inventory Inventory 51 $ 2 193 Beginning Inventory Purchases Apr 07 Jul 16 Od 06 Total 131 201 111 494 5.895 9548 5439 23.1751 $ Sales revenue Gross profit

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