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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 Apr.
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 43 123 193 103 462 Unit Cost $ 35 37 40 41 Total Cost $ 1,505 4,551 7,720 4,223 $17,999 For the entire year, the company sells 412 units of inventory for $53 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 # of units # of units Cost of Goods Available for Sale Cost per unit Cost of Goods Sold Cost per Unit Sold # of units in Ending Inventory Cost per unit Ending Inventory 43 $ 1,505 Beginning Inventory Purchases: 123 Apr 07 Jul 16 Oct 06 193 4,551 7,720 4,223 17,999 103 462 Total $ 412 50 $ 38.9588 $ 1,948 Sales revenue Gross profit
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