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! Required information (The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Date Jan. 1
! Required information (The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Date Jan. 1 Apr. 7 Jul.16 Oct. 6 Transaction Beginning inventory Purchase Purchase Purchase Number of Units 49 129 199 109 Unit Cost $ 41 43 46 47 Total Cost $ 2,009 5,547 9,154 5,123 $21,833 486 For the entire year, the company sells 428 units of inventory for $59 each. 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 Cost of Goods Available for Sale # of units Sold Cost per Unit Cost of Goods Sold # of units in Ending Inventory Cost per unit Ending Inventory unit Beginning Inventory 49 2,009 Purchases: Apr 07 129 Jul 16 199 5,547 9,154 5,123 21,833 Oct 06 109 Total 486: $ Sales revenue Gross profit
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