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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 60 $ 52 $ 3,120 Apr. 7 Purchase 140 54 Jul.16 Purchase 210 57 7,560 11,970 Oct. 6 Purchase 120 530 58 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.) Required information Weighted Average Cost Beginning Inventory Purchases: # of units Average Cost per unit Cost of Goods # of units Available for Sold Sale 60 $ 3,120 Apr 07 140 7,560 Jul 16 210 11,970 Oct 06 120 6,960 Total 530 $ 29,610 Sales revenue Gross profit Average Cost Average # of units Cost of Cost Average Ending Cost per Unit Goods Sold in Ending Cost per unit Inventory Inventory
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