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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 55 $47 $ 2,585 Apr. 7 Purchase 135 49 6,615 Jul.16 Purchase 205 52 10,660 Oct. 6 Purchase 115 53 6,095 510 $25,955 For the entire year, the company sells 441 units of inventory for $65 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 Cost per of units Cost of Goods Available for # of units unit # of units Sold Cost of Cost per Unit Sale Goods Sold In Ending Inventory Cost per unit Ending Inventory Beginning Inventory 55 2,585 Purchases: Apr 07 135 6.615 Jul 16 205 10,660 Oct 06 115 6,095 Total 510 $ 25,955 Sales revenue Gross profit
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