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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. Unit Date Transaction Number

Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Unit Date Transaction Number of Units Cost Total Cost Jan. 1 Beginning inventory 60 $ 52 $ 3,120 Apr. 7 Purchase 140 54 7,560 Jul.16 Purchase 210 57 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.) Weighted Average Cost Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost # of units Average Cost per unit Cost of Goods # of units Available for Sold # of units Average Cost of Average Ending Sale Cost per Unit Goods Sold in Ending Cost per unit Inventory Inventory 60 $ 3,120 Beginning Inventory Purchases: Apr 07 140 7,560 Jul 16 210 11,970 Oct 06 120 6,960 Total 530 29,610 Sales revenue Gross profit

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