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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 Jan. 1 Beginning inventory Total Cost 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 Cost 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.) Cost of Goods Available for Sale Cost of Good Sold - Weighted Ending Inventory Wolghted Averago Average Cost Cost Weighted Average Cost Cost of Goods Average # of units # of units # of units Available for Average Cost of Average Ending Cost per unit Sold in Ending Sale Cost per Unit Goods Sold Inventory Cost per unit Inventory Beginning Inventory 60 $ 3,120 Purchases Apr 07 140 7.580 Jul 16 210 11,970 Oct 06 120 6,960 Total 530 29.610 1 $
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