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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. 1
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 Total Cost $ 3, 120 7,560 11,970 6,960 $29,610 58 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.) 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.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost # of units Average Cost Cost of Goods per unit Available for Sale $ # of units Average Cost | Sold per Unit Cost of Goods Sold # of units in Ending Inventory Average Cost per unit Ending Inventory 60 $ 3,120 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 210 120 530 7,560 11,970 6,960 29,610 $ 450 Sales revenue Gross profit
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