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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 Jan. 1
Required information [The following information applies to the questions displayed below.] During the year, TRC Corporation has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Apr. 7 Purchase Jul.16 Purchase Oct. 6 Purchase Number of Units 59 139 209 119 526 Unit Cost $ 51 53 56 Total Cost $ 3,009 7,367 11,704 6,783 $28,863 57 For the entire year, the company sells 445 units of inventory for $69 each. B. 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 of # of units Cost per unit Cost of Goods # of units Available for Sold Sale Cost per Unit Cost per unit Goods Sold in Ending Ending Inventory Inventory $ 3,009 139 Beginning Inventory Purchases: Apr 07 Jul 16 Oct 06 Total 209 119 526 7,367 11,704 6,783 28,863 $
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