! Required information Exercise 6-5A Calculate inventory amounts when costs are declining (LO6-3) (The following information applies to the questions displayed below.) During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase Number of Units 25 30 35 35 125 Unit Cost $ 27 26 25 23 Total Cost $ 675 780 875 805 $3,135 For the entire year, the company sells 98 units of inventory for $35 each. Exercise 6-5A 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 2 decimal places and all other answers to the nearest whole number.) Weighted Average Cost Cost of Goods Sold - Weighted Ending Inventory - Weighted Average Cost of Goods Available for Sale Average Cost Cost Average Cost of Goods Average # of units Average # of units Cost of Ending # of units Cost per Available for Cost per in Ending Cost per Sold Goods Sold Inventory unit Sale Unit Inventory unit 25 $ 675 Beginning Inventory Purchases Mar 4 30 780 875 Jun 9 35 Nov 11 35 805 3,135 Total 125 $ Sales revenue Gross profit