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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. Number of Unit Date
Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Number of Unit Date Transaction 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 58 6,960 530 $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.) Ending Inventory-Weighted Average Cost Average Cost per unit Ending Inventory Answer is not complete. Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Weighted Average Cost Cost of # of units Average Cost per unit Goods # of units Available Sold Average Cost per Unit Cost of Goods Sold # of units in for Sale Ending Inventory Beginning Inventory Purchases: 60 $ 3,120 < Prev 5 6 of 6 Next >
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