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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 Number of
Required information (The following information applies to the questions displayed below.) During the year, TRC Corporation has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 40 $32 $1,200 Apr. 7 Purchase, 120 34 4,080 Jul.16 Purchase 190 37 7,030 Oct. 6 Purchase 100 30 3,800 450 $16,190 For the entire year, the company sells 400 units of inventory for $50 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 Cost per unit 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 Beginning Inventory 40 $ 1,280 Purchases Apr 07 1201 4,080) Jul 16 190 7,030 Oct 06 100 3.800 Total 450 $ 16,190 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 Cost per unit Available for Cost of Goods of units Cost per Unit Sold Cost of Goods Sold Sale # of units in Ending Inventory Cost per unit Ending Inventory Beginning Inventory 40 $ 1,280 Purchases: Apr 07 120 4,080 Jul 16 190 7,030 Oct 06 100 3,800 Total 450 $ 16,190 Sales revenue Gross profit
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