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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 Transaction Jan.
! 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 60 140 210 120 530 Unit Cost $ 52 54 57 58 Total Cost $ 3,120 7,560 11,970 6,960 $29,610 For the entire year, the company sells 450 units of inventory for $70 each. 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 of Goods Sold - Weighted Cost of Goods Available for Sale Ending Inventory - Weighted Average Average Cost Cost Cost of Goods # of units # of units Average Cost of # of units Average Average Ending Sold Cost per Unit Goods Sold in Ending Cost per unit Sale Inventory Inventory Cost Cost per unit Available for 60 $ 3,120 Beginning Inventory Purchases: Apr 07 Jul 16 140 210 7,560 11,970 6.960 29.610 Oct 06 Total 120 530 $ Sales revenue Gross profit
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